Yesterday, Econet made an announcement via a release to assure the market that issues (these, issues) have been resolved with “virtually all banks” and that if everything works according to plan, all banks that want to be connected to EcoCash, would be integrated by end of March 2013. According to the release Econet is apparently…
We’re just from a press conference where Econet Wireless and Stanbic Bank announced the integration of Econet’s mobile money transfer platform, EcoCash, with Stanbic’s banking system allowing EcoCash subscribers to transfer money from and to their Stanbic accounts. Selected branches of Stanbic will also act as EcoCash Super Agents allowing EcoCash agents and customers to…
As you may know, Econet came out yesterday to publicly accuse CABS, ZimSwitch and Kevin Terry of using the Bankers Association of Zimbabwe to fight Econet’s mobile money product EcoCash. The CABS MD, according to campaigning against EcoCash so he can push his own mobile money/banking product, Textacash. Textacash you will remember is basically an…
Press releases are usually filled with exaggerated self-praise and sometimes some subdued remarks subtly attacking the competition. Not with today’s press release from Econet Wireless which we posted earlier. The company has fired a salvo at CABS, ZimSwitch and Kevin Terry accusing them of using the Bankers Association of Zimbabwe to fight the EcoCash mobile…
A senior Econet Wireless executive, Mr Darlington Mandivenga, who is responsible for the rollout of EcoCash, has dismissed a claim reportedly made by Bankers Association of Zimbabwe’s immediate past president, Mr John Mushayavanhu, stating that Econet has denied banks access to its platform for integration.
Econet Wireless Zimbabwe has just announced that shortly it will be possible for “small” investors to use its EcoCash mobile money service to buy stocks on the Zimbabwe Stock Exchange. The service, according to the announcement is targeted at investors buying stock of less than $5,000.
Despite EcoCash being quite expensive to use (especially for the larger amounts) there’s always that time when it’s really the only option. Time of day, your location and the situation’s urgency all conspire to get you to EcoCash someone.
Zimbabwe’s largest supermarket chain, OK Zimbabwe Limited, has become the first major retailer to be connected to EcoCash, Econet Wireless’ mobile money service. OK has assumed an EcoCash “Super-Agent” status, and will be performing agent services for EcoCash throughout its branches across the country. Under this partnership, every OK outlet will now register customers for…
In a story title “More problems for regular SMS: biNu credits now available locally” that we posted here a few weeks ago, we expressed our delight that biNu credits were now available locally. The Australian based company (which now has representatives locally) had just announced that its 200,000 Zimbabwean users could now buy its platform’s…
Yesterday, Econet published in an advert the announcement that the industry knew would come sooner or later. The mobile operator has now integrated EcoCash, its mobile money transfer service, to TN Bank, the bank it acquired earlier this year. The development means TN bank customers that use EcoCash will be able to transfer money from…
Today we attended a press briefing where Econet Wireless Zimbabwe and CBZ Bank were announced a new mobile banking partnership. The partnership basically entails that EcoCash subscribers who bank with CBZ can now move money between their EcoCash mobile money wallet and their traditional bank account from their mobile phones. Users of the service can…
CBZ Bank, Zimbabwe’s largest bank, has become the first bank in the country to get a direct connection to the EcoCash service from Econet Wireless. Customers of the bank who have an EcoCash ‘eWallet’ can put money into the account using their cell phones. They can also take money from their eWallets and deposit it…
The ePayments Forum is a platform of common interest that seeks to bring together stakeholders in the plastic money, mobile money, and internet banking sector (collectively known as ePayments). The inaugural event is organised by Techzim events through the valued support of sponsorship partners:
In an apparent move to attract subscribers to use its EcoCash mobile payment service, Econet announced this week that for a week they’ll subsidize the kombi* fare by US 25 cents for people paying via EcoCash. For some users of EcoCash this means as much as half of the fare will be paid by Econet…
One of the things that came out of the EcoCash tour that we were part of recently was that internet payments are not near the top of their priority list […]
Yesterday, Econet announced its interim unaudited results for the 6 months ending 31 August 2012. The one product mentioned again and again and one the Econet leadership confirmed was their […]
Last week, after a tour of EcoCash Business (well, EcoCash Commuter mostly), we got the opportunity to interview the Econet Services CEO, Darlington Mandivenga and Econet Wireless Mobile Money Executive, […]
Japhet Aritho, former Head of M-PESA Product Development and Operations at Safaricom When we attended the EcoCash tour yesterday, two developments at the company stood out: A new hire, former […]
Earlier today we attended a tour of the EcoCash mobile money service by Econet. Basically Econet invited a group of journos and bloggers to sample the service themselves, apparently, so […]
Last week we reported that Econet Wireless Zimbabwe, is in the process of introducing its mobile money service, EcoCash, in the transport sector. We got a tip from a student […]
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 […]
Today, a friend pointed us to a development on the EcoCash for business front. Specifically, in the public transport sector. Apparently Econet is already trialing its mobile payment service in […]
As Econet celebrates the first anniversary of its mobile money product, EcoCash, the company has announced that the service has grown to over 1.7 million registered users. In a press […]
When you are in Europe or America, it is possible to move around without any cash in your pocket as long as you have a credit card or a debit […]
We encountered a situation that surprised us yesterday. After posting a story on Econet’s move to the Comviva platform for the core technology powering EcoCash, one of the key sources […]
We have been informed today that Econet is migrating the core technology powering its mobile money system, EcoCash, from a platform developed by South African based company, Pattern Matched Technologies, to […]
We just picked up and thought we would share some insightful EcoCash stats in a report posted yesterday by the GSMA on their blog Mobile Money for the Unbanked. The […]
Econet has started an advertising campaign for the introduction of merchant services on the EcoCash mobile money transfer system. The adverts, which started appearance recently in Zimbabwe’s newspapers, indicate that […]