Brief: Cambria Africa Temporarily Suspends Paynet Services To Banking Clients In Zimbabwe

Cambria Africa

12/06/2019 10:56

June 12 (Reuters) - Cambria Africa PLC  CMBC.L :
    * CAMBRIA AFRICA PLC - TAKEN DECISION TO TEMPORARILY SUSPEND
ITS
PAYNET SERVICES TO ITS BANKING CLIENTS IN ZIMBABWE.
    * CAMBRIA AFRICA PLC - CONFIRMS IT HAS TAKEN DECISION TO
TEMPORARILY SUSPEND ITS PAYNET SERVICES TO ITS BANKING CLIENTS
IN ZIMBABWE.
    * CAMBRIA AFRICA PLC - SUSPENSION OF SERVICES TO BANKS
    * CAMBRIA AFRICA PLC - BANKS HAVE DEFERRED TO ITS BANKING
BODY,
INTERBANK OPERATIONS COMMITTEE
    * CAMBRIA AFRICA PLC - IOC HAS TO DATE NOT PROVIDED
SUFFICIENT
CONFIRMATIONS TO SATISFACTION OF CO, THEREFORE CO HAS TAKEN THIS
ACTION
    * CAMBRIA AFRICA - DECISION TO SUSPEND PAYNET SERVICES TO
PROTECT
CONTRACTUAL POSITION WITH SOME CLIENTS TO GET PAYMENTS FOR ITS
PLATFORM IN US DOLLARS
    * CAMBRIA AFRICA PLC - IS CONCERNED AS A RESULT OF
DEVALUATION OF
LOCAL ZIMBABWEAN DOLLAR CLIENTS WILL RENEGE ON CONTRACTUAL
POSITION

Source text for Eikon:  ID:nRSL9742Ba 
Further company coverage:  CMBC.L 

 ((Reuters.Briefs@thomsonreuters.com;))