MMM Zimbabwe is a nationwide topic of interest. The pyramid scheme shot to fame by offering its participants a 30% interest rate at a time when many Zimbabweans are financially struggling. […]
Called Instapay, it allows users to buy prepaid electricity as well as airtime for all three mobile networks (Econet, Telecel and NetOne) with the option to make the payment via EcoCash and Telecash.
READ: MMM Nigeria this is how MMM Zimbabwe crashed, very similar to what is happening to you now MMM Zimbabwe is still alive but barely breathing. Ever since the RBZ […]
This is a first for TelOne and the company appears to have provided a solution that resonates with the predominantly mobile Zimbabwean internet community.
Starting from the first of October 2016 this same export scheme will be extended to diaspora remittances. It has been set at 5% – with 2% being reserved for the money trasnfer agent and 3% reserved for the recipient.
According to the RBZ, an estimated $1 billion in diaspora remittances entered Zimbabwe through informal channels in 2015.
According to Chipo Mutasa the MD of TelOne the company has handled $4 million in transactions through its online payment platform, Telpay
ShonaApp has so far registered over 10,000 downloads. This uptake has been enabled by some changes made to the app that include adding backwards compatibility to Android 2.2 devices and extending distribution platforms to include WhatsApp.
Are you looking for information on Econet products and have been put on hold by customer care? The folks at Econet Wireless have decided to make it easier for you […]
MMM Nigeria this is how MMM Zimbabwe crashed, very similar to what is happening to you now Earlier today, MMM East Africa, MMM Global Zimbabwe‘s parent organization, released a public […]
Econet, Zimbabwe’s largest telecoms provider has distanced itself from the recently collapsed MMM ponzi scheme. In an advert published today, the company distanced itself from the scheme, saying they wouldn’t be responsible for […]
After almost 3 years of operation, Ecofarmer, Econet’s agricultural support platform is now edging towards the 1 million user mark. According to figures released in the mobile operator’s 2016 integrated […]
According to Econet, one of those added services, Ecosure’s burial society service now has over 2,000 burial societies since its launch last year
Harare City Council began rolling out pre-paid water meters early this year. A public outcry against the move did not stop the City Council from going ahead with their project. The […]
EcoShopper was launched early last year, 2015, and should have celebrated its 1st year birthday some time in May this year but the cake and celebrations were put aside. From […]
ZB Bank has made a smart play for retail financial services growth with its agent banking model, but its 9,000 agents total is questionable.
However, even with the new look and the potential to lock certain services like the sale of prepaid electricity, OneWallet is still struggling to grow, failing to even match the subscriber growth rate that NetOne has recorded over the past year which is key in providing a pool for new user signups.
Steward Bank is now opening at least 3,000 new bank accounts a day, the bank’s CEO, Lance Mambondiani told Techzim recently. We interview Mambondiani at the launch the company’s new Incubation Pod center at […]
One thing that makes bitcoin so hot is that it allows us to make transactions and move money in ways that were not possible before bitcoin was invented. We’ve compiled […]
Steward Bank, an Econet Wireless subsidiary, told Techzim recently that their banking network now has some 3,000 agents spread across the country. Agent Banking Manager, Ruth Takawira, told us in an […]
With dwindling foreign direct investment (FDI inflows fell by 23% between 2014 and 2015 from US$545 million to US$421 million), remittances are now the second largest form of capital inflows for Zimbabwe behind exports, emerging as Zimbabwe’s leading FDI alternative.
Speaking at the recent Mobile Money & Digital Payments Conference the Minister of ICT, Supa Mandiwanzira touched on how State-owned mobile operator, NetOne had lost out on the telecoms race. He pointed out missed opportunities and a failure to respond to market dynamics.
The Reserve Bank of Zimbabwe today confirmed that the mobile money providers are reducing transaction fees effective 1 August 2016 after the regulator engaged them to make transacting affordable for mobile […]
Speaking at the Mobile Money and Digital Payments Conference in Harare today ICT minister, Supa Mandiwanzira, said that Econet is wrong to assume their first mover position in investing in mobile […]
The second edition of the annual Mobile Money and Digital Payments Conference Zimbabwe organised by Oxlink Capital has just kicked off in Harare. The first presentation was made by the […]
It would seem while there is a concerted effort by various financial institutions to market their plastic money offerings no one seems bothered by the fact that there is still a limited number of places where you can use these cards anywhere.
These MNOs opened up specific APIs between 2015 and 2016 as a way of encouraging startup participation in providing solutions for subscribers while offering them expanded service bouquets that included solutions that were also accessible to mobile phones without internet access.
CBZ Bank has so far registered at least 100,000 low cost banks accounts customers since the launch of their agency banking in June last year. The accounts, called SmartCash accounts, became a […]
After acquiring Nettcash from Mozido and other local shareholders recently Brainworks is finally moving to rebrand the company in line with other financial services companies it owns. NettCash has been […]