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 […]
Last month, CBZ Holdings, Zimbabwe’s largest retail financial services institution launched a new mobile banking app which is designed to deliver convenience by providing a mobile channel for CBZ Holdings’ suite of financial services.
Earlier today we wrote on how tech can help Zimbabwe in both a short and long term sense in its current predicament of a USD cash shortage and new Bond notes that […]
If you witnessed the sorry state of the Zimbabwean economy in the 100 trillion dollar note days, it’s hard to not be skeptical when the same government introduces a new note. That the […]
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.
According to the RBZ, in 2015, monetary transactions totaled $57 billion and mobile payments accounted for 87.9% of these transactions in terms of volumes.
In this article, I provide insights into how the Internet can be used effectively by the GetBucks Zimbabwe IPO announced recently in the Zimbabwe press.
The latest monthly economic review from the Reserve Bank of Zimbabwe has displayed the strains that the national economy is facing. However alternative channels of payment seem to be rallying with some positive change particularly through increases in card, mobile and internet based payments in the month.
The Deposit Protection Corporation (DPC) has a mandate to ensure deposits held by the banks and its role is tested in the mobile money trust fund insurance. As it turns out there is lack of clarity or clear cut answers in terms of how this fund is dissolved in case of the operator or bank…
Liquid Telecom just positioned itself as a more visible player in VoIP services for Enterprises users. Is this just a strategic repositioning with the Liquid group, or a firmer challenge to TelOne?
A report by the Financial Gazette just published says Afrasia Bank, formerly Kingdom Bank, was today placed under liquidation by the Reserve Bank of Zimbabwe after its shareholders surrendered their banking license. […]
We should allow cell phones in Zimbabwe’s schools. Well, that is what the responsible powers think anyway. Just recently, Zimbabwe’s Minister of Education, Dr Lazarus Dokora, was quoted in the Herald […]
You might have heard that a new South Africa to Zimbabwe remittance service called Mama Money is coming in the next couple of weeks. The key problem that Mama Money […]
Lance Mambondiani has been appointed the Acting CEO at Steward Bank as his boss, Kwanele Ngwenya leaves the organisation at the end of the month. Earlier this month several publications carried the story […]
It’s just days into the year and it certainly looks like the financial services sector is going to go through a very rough spell in 2015. Yesterday Allied Bank, […]
It’s only a few days into the new year and a lot of things have started to change in the Zimbabwean technology space. From tariff reductions to promotions being ended […]
Last week the Zimbabwe Stock Exchange (ZSE) released a draft set of listing requirements for a new (yet to be launched) alternative market for Small and Medium scale enterprises (SMEs). […]
Last week, allegations emerged that Econet was automatically registering subscribers to its EcoCash mobile money service. The official Econet response to the allegations was a failed spin that tried to […]
We have just received the Reserve Bank of Zimbabwe’s official position on the mobile money agents war that was playing out between EcoCash and Telecash. The issue started after Telecel […]
Telecel Zimbabwe today (Wednesday) launched its mobile money transfer service, telecash, which allows subscribers to use mobile phones to send money to anyone on any network, pay bills and pay […]
This article is the second part of the three part series that looks at the evolution of payment systems in Zimbabwe. In the first part, I posited that payment systems […]
Last week, we revealed that Econet and local banks hand reached an understanding with banks to open up its platform for full USSD functionality for the ZimSwitch mobile money transfer […]
This analysis shall be in three parts. To thoroughly assess the payments landscape in Zimbabwe, I shall use three frameworks, or if you like, perspectives or concepts. These are; disruptive […]
We just received one of those just-to-let-you-know, releases by Econet this morning. The release, sent out to assuage fears of Zimbabwe’s liquidity problems affecting Steward Bank and therefore the EcoCash […]
Customers conducting EcoCash transactions under a tent recently at the Harare Agricultural Show Econet announced today the introduction of a new EcoCash based mobile money service called EcoCash Save. The […]
Whenever I’m in a foreign country in the region, I try to observe and ask questions about mobile stuff. Mobile money especially is a big interest and the one thing […]
Today we attended a (now former) TN Bank event where the company launched its new name Steward Bank. The rebranding comes a few months after the bank was acquired by Econet Wireless from its former owner Tawanda Nyambirai. It was made clear at the event by the bank CEO, Kwanele Ngwenya, that the bank’s services…
Just like in a supermarket, after which many online shopping carts are modelled, you will have to pay for the product you want to buy before it is shipped to you. The accepted payment methods vary from seller to seller. The ways to effect payment range from simple and common like the use of a…
Yesterday, Econet made an announcement via a release to assure the market that issues (these, issues) have been resolved with “virtually all banks” and that if everything works according to plan, all banks that want to be connected to EcoCash, would be integrated by end of March 2013. According to the release Econet is apparently…