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 […]
This means recipients in Zimbabwe have the option to get their remittances sent straight to their Telecash mobile money wallet, something that widens Mama Money’s payout network which has already gained a national presence through a strategic relationship with CABS and its Textacash service.
Telecash, Telecel’s mobile money service, has reduced its tariffs as it aims to encourage the use of its platform as a leading solution for the cash crisis in Zimbabwe.
Zimbawbean financial services concern FBC Holdings has increased POS terminals in the market and plans continued fintech investment in the wake of the country’s cash crisis.
If you are an Econet subscriber who buys daily data bundles or are chasing a 7x Promotion airtime target via *143# you might have noticed this already – the mobile operator has significantly adjusted its broadband packages.
As it turns out, Tengai is still alive, well the brand name at least. It is listed together with Ownai, EcoSure and EcoCash, on the website of a digital transactions company called Cassava which is a subsidiary of Econet Wireless Global as one of its successful partner brands.
The concept of crowdfunding is brilliant. Instead of waiting for the usual quarters for help (banks, government, NGOs, embassies and donor organisations) individuals with a need can directly appeal to ordinary people […]
The Zimbabwean government has directed all public institutions including State-owned enterprises and local authorities to introduce electronic Point of Sale terminals by the 1st of July 2016.
Hello Paisa, the remittance service that caters for South Africa to Zimbabwe remittances has launched a three-month promotion offering a free transfer of money.
The assumption was that the as the high cost of electronic transactions has been highlighted as a barrier to a “cashless society”, the charges for sending, receiving and cashing out money from mobile money wallets would also immediately come under review. That is yet to happen.
This has prompted the guys at Mobiledger, a mini accounting system for mobile money wallets, to expand their application’s concept to mobile money merchants and agents. Previously Mobiledger was only available for personal mobile wallet use through a mobile app.
Every time I go to the ban, I’m always surprised to see a long queue of people paying for their DStv subscriptions. They come into the bank, walk to the […]
While I agree that governments often tend to do things that count for imprudence, the reality of the matter is that while we may not want anything to do with policy makers, the policy makers have everything to do with us and our tech goals.
All this is commendable and the truth is, it actually is the obvious thing to do. As the efforts to access cash become increasingly futile any service that gives Zimbabweans a facility to make transactions electronically has to double efforts to work with as many service providers as possible. It’s a crisis, so anyone selling…
The government – represented by the Reserve Bank of Zimbabwe which is the industry regulator, and the entire collective of bankers – unified under the banner of the Bankers Association of Zimbabwe are the two entities – the collection of officials, that should have responded to the crisis with emergency measures.
Despite the service’s huge potential Telecash has been rather quiet about the service without any major promotion for it – Until recently when it sent out SMSes encouraging people to receive money through Hello Paisa for collection from Telecash agents.
We’ve come up with a list of 11 things that everyone who is struggling to get their hands on their cash from the bank can do to weather the cash crisis storm.
The latest to do so has been the City of Harare. After announcing plans to introduce swiping facilities the municipality has now introduced the bank card facilities in its banking halls.
Local mobile network operator Econet Wireless will pay out $13.3 million to its shareholders from profits generated for the financial year ended 29 February 2016.
This latest symptom of the national cash crisis is hardly surprising, though. As bank account holders continue to face challenges in withdrawing cash from their accounts via ATMs or in-branch withdrawals, those that have bank accounts linked to mobile money services like EcoCash are transferring money to their wallets and cashing out from the mobile…
While other Western banking institutions look like they are scaling down in their operations in Africa (think Barclays and their much-publicized exit), Standard Chartered are going somewhat against the current. The bank […]