Zimbabwe's Central Bank has permitted limited transactions on mobile payment platforms but the stock exchange remains suspended over accusations of economic sabotage.

On Monday, EcoCash, the largest mobile payment company announced that individual transactions and bill payments would still be permitted.

Bulk money traders and cash transactions would however remain banned.

The stock exchange remains closed until further notice.

Mobile money transactions account for over 80% of the country's payments.

On Friday a government notice said suspensions would pave the way for investigations.

Zimbabwe's government accuses both the national stock exchange and mobile money companies of fuelling the black market currency trade and subsequent collapse of the Zimbabwe dollar, which was reintroduced last year to replace the use of foreign currencies such as the US dollar and South African rand.

Mobile payments have risen as a result of the shortage of physical notes. The service is used for daily transactions including to pay for school fees, utilities, salaries, goods and services.