Econet, Zimbabwe’s largest telecommunications firm, and now arguably the largest mobile money transfer services provider in the country, announced recently the increase of daily and monthly transactions limits for its EcoCash service. The changes were effected on 25 September 2012.
Where previously an EcoCash user had a daily spending limit of US $500, the amount has been increased to $1,000. The new daily spending limit is inclusive of all financial transactions except cashing-in – depositing money into one’s own account. The monthly transaction limit, which was $2,000, has been increased to $3,000.
The changes come as Econet rolls out its new merchant services. The merchant to merchant daily and monthly limits are $5,000 and $10,000 respectively.
Here’s a table of the new EcoCash transaction limits:
|
Transaction type |
Daiy maximum (USD) |
Monthly Maximum (USD) |
|
Cash-In |
1,000 |
3,000 |
|
Cash-Out (registered customers) |
1,000 |
3,000 |
|
Cash-Out (unregistered customers) |
500 |
2,000 |
|
Send Money to a Registered EcoCash User |
1,000 |
3,000 |
|
Send Money to a Non-Registered EcoCash User |
500 |
2,000 |
|
Airtime Top Up |
500 |
3,000 |
|
Bill Payment |
1,000 |
3,000 |
|
Pay Merchant |
1,000 |
3,000 |
|
Receive money |
1,000 |
3,000 |
|
Bulk Payment-Receive Salary/Grant/Aid |
N/A |
3,000 |
|
Merchant to Merchant |
5,000 |
10,000 |
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One response
I am happy with such development though the Econet rates are not pleasing on thier billing per minute