Search results for: “ecocash”
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EcoCash announces new rewards program – Is this meant to soften the Zimswitch blow?
EcoCash is now integrated with the national switch (Zimswitch) as was mandated by the Reserve Bank earlier this year. A day after the integration with what used to be the […] more
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EcoCash joins ZimSwitch, you can now send money from EcoCash to OneMoney and other accounts directly
Last month the RBZ’s Monetary Policy Statement revealed that the date for ZimSwitch becoming the National Switch was the 30th of September. That date was an extension for the previous […] more
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EcoCash urges subscribers with multiple accounts to move funds by 25 September
Earlier this month, EcoCash announced that the deadline for moving funds for multiple account holders to one account was going to be 6 September. It seems a significant number of […] more
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President ED – State had to act against EcoCash because $8.4 billion was circulating outside the banking system
President Mnangagwa recently addressed a ZANU-PF Committee in Gweru and in that address he spoke on the long-running feud between EcoCash and the state. The President had some interesting things […] more
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Win US$1K by composing a song for EcoCash
EcoCash is hosting a social media singing competition that will see the winner walk away with US$1000. The song will probably be used for marketing purposes as the entries that […] more
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EcoCash blood in the water, who will take advantage?
The payments space is in for some very big changes. Some of these changes we may be able to see. Others we can speculate on and there are others that […] more
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EcoCash sets deadline for multiple accounts for the 6th of September 2020
In adherence to the Monetary Policy Statement put out by the Reserve Bank of Zimbabwe. Individuals are no longer allowed to have multiple EcoCash accounts. In a message sent out […] more
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You can now buy ZESA tokens on credit using EcoCash
EcoCash recently made it possible to buy ZESA tokens on credit. By simpling dialling *179# you can access the new service. You can get ZESA tokens on credit valued at […] more
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Video: Zipit Smart brings EcoCash features to your bank account
Zimswitch is about to give ZIPIT an upgrade and new features include merchant services as well as cardless transactions. In this video we get some 1st impressions of how it […] more
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ZIPIT upgrade in the works: This puts serious pressure on EcoCash
Zimswitch is working on an upgrade that will make using it similar to the mobile money wallets we use on a daily. ZIPIT Smart as it will be called is […] more
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Beware! Scammers promising to upgrade daily EcoCash account limits
The RBZ recently placed stricter regulations on mobile money service providers. You may have heard that you can no longer transact over ZW$5000 daily. Interestingly, we came across a WhatsApp […] more
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OneMoney follows EcoCash and effects ZW$5000 daily transaction limit
Many people were wondering if OneMoney and Telecash would all be subjected to the same regulations that were recently put into effect by EcoCash. Well, OneMoney is the second mobile […] more
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Video: EcoCash sets daily limit at Z$5000. Who is hit hardest?
RBZ issued a monetary statement directing mobile money wallets to suspend agent accounts and set a daily limit of Z$5000. In this video we look at what this means for […] more
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EcoCash Payroll and OnePay under threat as RBZ directive suggests banning of salary processing
EcoCash Payroll and NetOne’s OnePay solution pretty much solve the same problem – allowing businesses to pay their employees salaries. The RBZs recent pronouncements in the Monetary Policy statement indicate […] more
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What can you buy with the ZWL$5000 EcoCash limit?
In abiding by the Reserve Bank of Zimbabwe’s directives, EcoCash has instituted a ZWL$5000.00 a day limit on transactions. The outline of how this will affect daily transactions is as […] more
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2 Ecocash accounts? The less active one will be closed
Last week, we reported that the RBZ had announced with immediate effect that each individual would be allowed to only have one mobile money account. This means individuals with multiple […] more
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EcoCash limits transactions to $5000 per day
In accordance with the Reserve Bank of Zimbabwe’s Monetary Policy Statement on Friday EcoCash put out the following press release: EcoCashNotice to All EcoCash CustomersDear Valued CustomersPlease be advised that […] more
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EcoCash & others given until 30 September to connect to ZimSwitch
The assumed deadline for the ZimSwitch’s role as the national switch was the 15th of August 2020. That deadline has passed and that led many to wonder when this measure […] more
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No, you can’t send money from EcoCash to OneMoney yet
On the 9th of July, the Reserve Bank of Zimbabwe issued a directive that made ZimSwitch the national payments switch. This meant that EcoCash was going to be relegated to […] more
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EcoCash has increased tariffs
EcoCash charges have been reviewed upwards. This follows a change made in March this year. The assumption is that the company has finally been given the green to increase the […] more
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EcoCash “currency manipulation” probe delays Cassava Smartech financial report
Cassava Smartech announced that they have delayed the release of their audited financial statements for fiscal year-end February 2020. They made this announcement to shareholders citing that the delay is […] more
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“ZANU PF commends gvt for allowing ‘EcoCash’ to be overseen by RBZ through Zimswitch”
The title of this article is a paraphrase of part of the statement issued by ZANU PF today commenting on the economy. Here is the actual excerpt: ZANU PF also […] more
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Video: EcoCash to be integrated to Zimswitch. What does it mean?
RBZ announced that Zimswitch is now Zimbabwe’s national payment switch and that all monetary service providers are directed to integrate with it. What does this mean to me the customer? more
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With a national switch on the way, EcoCash needs to focus on innovation now more than ever
A few days ago, my colleague Tinashe wrote an article about EcoCash and the Econet group’s need to innovate build compelling products. Today the RBZ announced that ZimSwitch is going […] more
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EcoCash to become just a wallet, RBZ says everyone must connect to ZIMSWITCH
So this happened: DESIGNATION OF ZIMSWITCH TECHNOLOGIES (PRIVATE) LIMITED (ZIMSWITCH) AS A NATIONAL PAYMENT SWITCHIn accordance with the provisions of the National Payment Systems Act [Chapter 24:23] and the Banking […] more
