Cassava SmarTech (trading as EcoCash Holdings) released the audited financial statements for the year ended 21 February 2021. These are the statements that were delayed resulting in the suspension of the trading of Cassava shares on the Zimbabwe Stock Exchange (ZSE) for a few weeks. The delay was because of technical accounting issues as we…
A scapegoat is a goat upon whose head the sins of the people are placed. The goat itself is sinless and yet it has to bear the sins of the people. The Zimbabwean government is looking for a goat to place the local currency collapse sin on. Every day a potential goat is identified and…
If you needed evidence that the Zimbabwean economy is not an easy one to conduct business in, here it is. The Econet Group subsidiaries are some of the best performing on the Zimbabwe Stock Exchange(ZSE). They are some of the best blue chip shares available. How then did the ZSE suspend the trading of Cassava…
Earlier today the Zimbabwe Stock Exchange (ZSE) released a statement saying that it had halted the trading of Cassava Smartech’s (trading as EcoCash Holdings) shares due to a delay in the company releasing its financial results. In response to this EcoCash Holdings has itself released a statement to its shareholders on the matter of the…
Eight companies appeared in court yesterday, the 27th, for illegally dealing in foreign currency. The companies allegedly bought foreign currency on the streets using EcoCash agents, illegally. The unlucky eight are: Titanium Capital (Pvt) Ltd Dream High Investments (Pvt) Ltd Access Finance (Pvt) Ltd Tererati (Pvt) Ltd Vision Credit Score (Pvt) Ltd Capital Profit Financial…
Diversified fintech group Cassava Smartech Zimbabwe Limited, which is now trading as EcoCash Holdings Zimbabwe Limited, is exhibiting at this year’s Zimbabwe International Trade Fair (ZITF) where it has put up a state-of-the-art stand bringing together all its business units and brands. Although attendance at this year’s edition of the ZITF is somewhat subdued due…
Yesterday, EcoCash celebrated its 10th anniversary. Only 10? It feels like we’ve had the mobile money solution for longer than that. That’s because of just how much impact the service has had in our lives. Granted, the last few years have been tough for the mobile money services provider. But there is no denying we…
Earlier this week I wrote about the need to make banks and Zimbabwe’s financial institutions accountable for some of the losses that people suffer through hacking and fraud incidents. There was a lot of debate on both sides, especially the more security conscious among our readers insisting that it’s the responsibility of account holders, not…
The EcoCash transaction limits for all Payment services have been adjusted to ZW$20,000 per transaction up from the previous ZW$5,000 per transaction. This adjustment will be effective today, 25 August 2021 at 18:00hrs.
EcoCash, the operators of Zimbabwe’s largest mobile payments service of the same name has announced that they are increasing their tariffs effective the 21st of September 2021. EcoCash effected higher changes to their pricing for higher transaction amounts. The biggest jump is the 25% increase in the fees for paying $1 000 to $1 499.…
Cassava Smartech Zimbabwe is getting a facelift, in an announcement to stakeholders the company notified all concerned parties that they are going to be shifting to the name EcoCash Holdings Zimbabwe Limited to avoid confusion. Cassava’s Statement on the name change reads as follows: Members are advised that the Company’s controlling shareholder, Econet Global Limited,…
EcoCash last week on Twitter put out a notice to its customers notifying them of a Know Your Customer (KYC) or account details update excercise. The message from EcoCash reads as follows: Customer Notice. pic.twitter.com/FFJQgvY5gy — EcoCash Zimbabwe (@EcoCashZW) July 23, 2021 CUSTOMER NOTICE EcoCash Customer Details Update Dear Valued Customer,Please be advised that we…
On top of buying airtime, ZESA tokens, TelOne packages, Telecel, Econet and NetOne airtime via *405#, you can now purchase NetOne data bundles via your EcoCash wallet. All you need to do is to: Dail *405# Choose a language Pick option 3 “NetOne, TelOne and Econet Bundles” Select the carrier (In this case, NetOne) Choose…
When it comes to accepting local payments automatically in your app or your eCommerce store, Paynow has been the go-to for most developers for years. They were a godsend to most people given how hard it is to access the official OneMoney, Telecash and Ecocash APIs back then. Shockingly, it is still very hard to…
EcoCash has in a statement announced that it’s Zimswitch services are down. CUSTOMER NOTICE EcoCash/Zimswitch service interruption Dear Valued Customers,Please be advised that you may experience intermittent service disruptions on EcoCash / Zimswitch transactions due to a technical challenge. Efforts are underway to restore normal service as soon as possible.All other EcoCash services remain unaffected…
The Zimbabwe United Passenger Company’s (ZUPCO) has reemerged from its long slumber. The last time ZUPCO had a presence anywhere near to what it has today was back in the late 90s early 2000s. And even though it is still working at a fraction of its capacity, the company still moves tens of thousands of…
One side effect of Statutory Instrument 127 of 2021 is that I have observed an uptick in the use of the RTGS dollar. This is driven in part by increased usage of mobile money, swipe and ZIPIT. Thanks to the new law people would rather buy using RTGS as most popular shops no longer offer…
EcoCash has released a statement warning customers to be vigilant especially where it concerns account hijacks or takeovers: Public Notice Warning: Guard Against Fraud EcoCash is aware of reports of fraud, where unsuspecting EcoCash customers have lost money to criminals using false identities after they harvest customers’ mobile phone numbers from social media platforms such…
NMB Bank has said in an announcement that it is facing challenges with transactions via mobile banking, EcoCash and Point-of-Sale (POS) platforms: The full statement from NMB Bank reads as follows: Dear Client. We advise that we are experiencing a challenge on our system that has affected service delivery on Mobile Banking, Ecocash and Point…
Old feuds never die
Cows came home quickly on this one…
Straight from the horse’s mouth…
OneMoney and Telecash are cheaper when it comes to charges.
The long arm of the law.
They had to address it.
US$100 million over EcoCash alone hmm… guys.
Jeez…
Telecash now commands only 0.1% of the mobile money market.
hmm…
Cloak and dagger…