Search results for: “ecocash”
-
EcoCash & banks can’t magically create balances
A friend brought up a question recently, can’t a software developer at EcoCash just create a balance in their account. Then, said developer can go buy a shiny new Lamborghini […] more
-
Econet say Ecocash airtime and bundles recharge still being worked on
Yesterday Econet Wireless went dark nationwide. They seem to have restored services for calls and data. However, they are still working through issues with Ecocash airtime and bundles purchases through […] more
-
EcoCash is under threat – gvt to blame BUT underlying problem is EcoCash/Cassava/Econet
Yesterday a colleague mentioned that they were denied using EcoCash at a service station. All other forms of payment were acceptable except EcoCash. This didn’t surprise me. First let’s make […] more
-
What does the RBZ directive mean for EcoCash and other mobile money platforms?
Yesterday the Reserve Bank followed up a statement made by Nick Mangwana on Friday night. The original statement looked to totally ban mobile money platforms. The government was planning to […] more
-
Govt saves face, RBZ statement on EcoCash ban: reversing from the original plan
Yesterday the government through Nick Mangwana issued a statement declaring that mobile money was suspended with immediate effect. Naturally the public wasn’t happy and all three mobile telecommunications companies released […] more
-
Confusion, contradiction, lies – Breaking down the ban on EcoCash and others
Of course we will keep going to town about the most stupid decision announced by the Zimbabwean government ever. Scrutinising the statement that announced the suspension of all mobile money […] more
-
Government bans EcoCash and other mobile money. Ok… So what are we supposed to do now?
The government last night through Information Secretary Nick Mangwana decided to suspend all forms of mobile money. Now the reasons behind that decision aside, what does it mean for all […] more
-
Kuhumana: Video of gvt official struggling to explain why they suspended EcoCash
Nick Mangwana, the Permanent Secretary in the Mimnistry of Information is the one whose signature was on the ridiculous statement that announced the ban on mobile money. Here is him […] more
-
Remain calm and keep transacting, EcoCash tells its customers
In a sudden and a hugely ill advised move, the government yesterday announced that they were suspending all mobile money transactions with immediate effect. As expected, EcoCash has responded. Here […] more
-
Government suspends EcoCash and all mobile money. This is BAD, VERY BAD!
The Government has suspended mobile money transactions. This is the statement that was released this evening: Government has, with immediate effect, undertaken a series of prudent and coordinated interventions to […] more
-
EcoCash reduces transaction limits
Given that EcoCash has been under severe regulatory scrutiny over the past few weeks, its no surprise that the mobile money platform has taken the step to reduce transcation thresholds […] more
-
EcoCash Airtime Recharges Aren’t Showing In Customer Accounts.
Customers have been tweeting out that they were buying airtime through EcoCash but weren’t receiving the funds. When they checked their EcoCash balance the money for the transaction was deducted. […] more
-
EcoCash Launches Promotion To Promote Bank To Wallet Transactions
Most news around EcoCash has lately been about the continuous restrictions being placed on their platform by regulators. Such restrictions have implications on the platform’s utility (usefulness). It looks as […] more
-
[Update] EcoCash Merchant To Agent & A Host Of Other Transactions Blocked By FIU!
EcoCash seems to have blocked Merchant to Agent transactions though it’s not exactly clear what their reason for doing so is at the time of writing. The first hunch would […] more
-
EcoCash Launches Online Portal For Registration Of Agents & Merchants
EcoCash has launched a self-service portal which enables agents, merchants, billers, bulk payers and payroll channel partners to submit applications without need to physically visit Econet shops. The self-service portal […] more
-
EcoCash Customers Wake Up To Money Deducted Into A Strange Account
You remember when a good number of EcoCash customers woke up to messages that said they had successfully registered for EcoSure and so a dollar had been deducted from their […] more
-
ZIPIT Given Directive To Place Monthly Limits Similar To EcoCash By RBZ
First it was EcoCash and now ZIPIT is getting the same treatment. The Financial Intelligence Unit (previously an arm of the RBZ but now operating independently) has issued a directive […] more
-
Frustrated At Having To Remember USSD Codes For EcoCash? Try This App Instead
USSD menus are pretty outdated when you consider the way we usually navigate on smartphones. The fact that you have to remember the codes and then the clunky interface which […] more
-
Can Blockchain Offer A Better Alternative To EcoCash’s Agent Problem?
It has been an interesting yet unsurprising past couple of weeks for Zimbabwe’s most popular mobile money firm EcoCash. The company has been in a row with the Central Bank […] more
-
Full Breakdown Of The High Court’s Ruling On EcoCash Application For RBZ To Reverse Directive
3 weeks ago, the Reserve Bank issued a directive ordering mobile money operators to ban agents that were transacting above a threshold of ZW$100 000. After effecting the ban EcoCash […] more
-
EcoCash Has No Right To Represent It’s Agents Before The Courts – High Court
So yea the urgent High Court application made by EcoCash to reverse a directive given them by the Financial Intelligence Unit of The Reserve Bank of Zimbabwe has been thrown […] more
-
Mangudya On EcoCash, Guerrilla Warfare, Demons, Prayer, Sodom And Gomorrah
The Governor of the Reserve Bank of Zimbabwe recently appeared before the Parliamentary Portfolio Committee on Budget and Finance. He used very interesting colourful words in his submissions. Guerrilla War […] more
-
Breakdown Of 4 Charges Leveled Against EcoCash, Its CEO And The CEO Of Its Parent
The Financial Intelligence Unit has its daggers drawn against EcoCash. The unit’s Acting Director General wants his pound of flesh and he’s not taking any prisoners. Background Zimbabwe’s currency is […] more
-
EcoCash CEO & Cassava CEO Charged Under Anti Money Laundering Law
Here is a long letter charging EcoCash, its CEO- Natalie Jabangwe and Director (CEO of its holding company, Cassava Smartech) of crimes under Zimbabwe’s anti money laundering laws: OVERVIEW We […] more
-
Steward Bank Roped Into EcoCash & RBZ Fight
EcoCash’s war against the Reserve Bank Of Zim appears to be raging on. The Financial Intelligence Unit issued a directive to Steward Bank earlier on today placing some limitations on […] more
