Who regulates money transfer services offered by Airtel, MTN?

I write as a concerned citizen because I am not well informed on this issue. I want to believe that Airtel and MTN are registered as mobile and internet companies and are therefore regulated and monitored by ZICTA.

I want to believe that ZICTA is in no way able to regulate or see to it that tax is remitted with regard to services our two co-operations are now offering. I want to believe that there are organisations which operate primarily to provide money transfer services such as Airtel money and are paying tax to ZRA. My simple concern/question is, are these people paying Tax to ZRA for their new services? Who is regulating them? Is it BOZ? Or are they just doing it on their own account and slapping the terms and conditions on their own. Concerned citizen.

MM

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