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 […]
Local mobile operator Econet Wireless is currently holding its analysts’ briefing where it has released the figures for the 2015 to 2016 financial year. Though the full briefing is yet […]
Meikles Financial Services (MSF), a subsidiary of the group that operates the hotel services, has announced the launch of what it says is its flagship product, the MyCash card; the arrangement backed […]
Started in the United Kingdom by two African tech entrepreneurs, Ibrahima Soumano (a Guinean) and Takwana Tyaranini (a Zimbabwean) Ozaremit lets users buy airtime credit for recipients in 35 different African countries. Transfers are made instantly and directly to the recipient’s mobile phone and there is no need for any follow-up activation.
M-Pesa, the mobile money platform which falls under telecoms giant Safaricom in Kenya, is the most developed one in Africa. Recently, after shifting the servers for the service from Germany to Kenya […]
Check out this new app called ShonaApp which was launched recently. This is an Android application (it works for Android 3.0 and above) that acts as a Shona language companion for school children.
Banks in Zimbabwe have began restricting Telegraphic Transfers (TTs). TTS are money transfers from a Zimbabwean bank account to bank account outside the country. The development has come swiftly after the announcement of […]
Showmax recently opened up to 36 new African countries including Zimbabwe. The service can be accessed on Showmax.com or through the Showmax mobile application available for iOS and Android.
M-vendr, the Zimbabwean founded fintech startup that was accepted into 500 Startups recently just revealed to us their monthly transactions on their Point of Sale token retailing platform has risen to […]
This article is an ongoing attempt to document Zimbabwean mobile apps with the most downloads in either the Android or iOS store.
Despite its mass adoption across the country where it has outpaced formal banking services, mobile money has only been mentioned as one alternative and not as the leading solution that it is primed to be.