Articles tagged 'ecocash'

SmarTech pushes Econet revenue up 8 November 2018 HARARE - Econet Wireless Zimbabwe Limited (EWZL) has announced $600 million dollars in half-year revenue to 31 August 2018, up from $ 353 million in the same period last year, on the back of a strong performance by its SmarTech business unit. The conglomerate, which is well on its way to becom...
Mobile money subscribers rise 9 October 2018 HARARE – Zimbabwe's number of active mobile money subscribers increased by 12,6 percent to 5,6 million during the 2018 second quarter from 5,01 million due to cash shortages in the country, latest industry data show. The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) s...
ZETDC reduces EcoCash tokens prices 14 September 2018 HARARE - Consumers of electricity can now buy tokens from the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) for as little as $5 via the EcoCash platform. In a statement, ZETDC said it will constantly review the situation in the hope that in future the EcoCash platform woul...
Fake EcoCash messages used to swindle tyre trader 3 September 2018 HARARE - A Blue Circle Bus Company employee reportedly manufactured fake EcoCash payment messages and used them to swindles a tyre trade of $58 000 worth of goods, a court heard. Modern Nyika, 47, was charged with fraud when he appeared before Harare magistrate, Rumbidzayi Mugwagwa. The Sta...
Swipe into EcoCash service available 24 May 2018 HARARE - ECONET Wireless Zimbabwe (Private) Limited, the parent company of EcoCash and Steward Bank, advised its customers and the transacting public on Tuesday that the Swipe into EcoCash service was available and there are no plans to discontinue it. This was contrary to some media reports s...
EcoCash, Untu Capital partner 13 January 2018 HARARE - In yet another opportunity to create financial inclusion, EcoCash has partnered a local micro-finance company to allow the public to participate in the purchase of tradable bonds, set to raise $1 million in debt financing for start-ups and small businesses. EcoCash customers can purch...
Beyond EcoCash: Pricing distortions in Zimbabwe 7 December 2017 HARARE – Crisis weary Zimbabweans are expecting the newly sworn in Cabinet to move with speed and address the current liquidity crisis that has seen many people spending hours in bank queues while the value of bond notes has been significantly eroded. The country's worsening cash shortages hav...
EcoCash platform positioned for increased volumes 12 August 2017 HARARE - Econet Wireless Zimbabwe Limited (EWZL) has moved to reassure customers of its popular EcoCash service regarding the planned maintenance work it has scheduled to carry out over the Heroes holiday weekend. Econet this week announced that the company planned to carry out scheduled maint...
EcoCash here to stay — PSL 11 July 2017 HARARE - The Premier Soccer League (PSL) were impressed by the pilot project in which fans were using EcoCash to pay entry fees for Sunday's match between Chicken Inn and Dynamos at Barbourfields Stadium. EcoCash is a mobile money transfer platform which allows Econet subscribers to send, rece...
EcoCash for PSL matches 8 July 2017 HARARE - The Castle Lager Premier Soccer League (PSL) said fans will soon be able to use EcoCash to pay for their entry fee to watch football matches across the country. At the moment, Zimbabwe is experiencing a severe cash shortage with most people sleeping outside banks in order to access th...
Mobile, Internet payments breach $1 billion mark 27 May 2017 HARARE - Zimbabwe's mobile and Internet transactions breached the $1 billion in March, as locals migrate to cash-lite payments on the back of acute cash shortages. Data from the central bank indicates that mobile and Internet transactions in Zimbabwe — which has been battling a cash crisis for...
Tap into mobile money: Mandiwanzira 20 May 2017 HARARE - Zimbabweans need to abandon their cash mentality and migrate to cash-lite transactions, the same way the country dumped the cheque system, a Cabinet minister said. Information Communication Technology (ICT) minister Supa Mandiwanzira said Zimbabweans — who have been battling an acute ...
EcoCash tightens grip on mobile money market 6 May 2017 HARARE - Econet Wireless Zimbabwe (Econet) has launched the “Chaka-Chaya neEcoCash transact and win” promotion, in a move that is likely to tighten the mobile operator's firm grip on the mobile money market in the country. The leading mobile telecommunications company said both their customers...
Econet dominates mobile money transfers 30 December 2016 HARARE - Zimbabwe's largest telecommunications firm by assets and subscriber base, Econet, continues to dominate the country's mobile money market. Latest data from the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) shows that Econet's subsidiary, EcoCash, controlled 9...
EcoCash embraces South Africa Rand 9 December 2016 HARARE - Econet Wireless has for the first time in Zimbabwe introduced the South African Rand (ZAR) as a currency of transaction via EcoCash. The listed mobile firm's chief executive, Douglas Mboweni, yesterday said the introduction of a multi-currency wallet was another step towards meeting t...
Econet partners City Parking 23 November 2016 HARARE - Zimbabwe's leading telecommunications operator, Econet, has partnered with Harare City Council's parking division, City Parking, in an innovation set to see motorists pay for parking space using EcoCash. In light of the country's cash shortages, most motorists have had their vehicles ...
EcoCash transactions top $6,6bn 1 June 2016 HARARE - Econet Wireless Zimbabwe (Econet) says it will continue investing in infrastructure to diversify its revenue streams after the company's mobile money platform, EcoCash, moved over $6,6 billion since its launch five years ago. “The local telecommunication industry in line with global t...
Econet launches EcoCash Ta! 12 December 2015 HARARE - Zimbabwe's largest mobile telecommunication company by investment and subscriber base Econet Wireless has launched tap and go payment system called EcoCash Ta! that will enable customers to buy from vendors and informal merchants without using cash. The product is the first of its kin...
Econet partners European firm 12 June 2014 HARARE - Econet Wireless (Econet) — Zimbabwe’s largest mobile network operator — has partnered Europe-based money transfer firm WorldRemit to launch a cash remittance service expected to earn about $600 million annually. Darlington Mandivenga, Econet Services chief executive, said the service,...
EcoCash targets diaspora 9 January 2014 HARARE - Zimbabwe's largest wireless network operator Econet plans to commercially launch remittance services between locals and residents in South Africa (SA) under its mobile money transfer platform, EcoCash. The group — which has obtained approval from the Reserve Bank of Zimbabwe (RBZ) and...
Govt to tax mobile money transfers 3 January 2014 HARARE - Zimbabwe's cash-strapped government has imposed a tax on mobile money transfers as part of efforts to raise funds and widen its revenue base. Finance minister Patrick Chinamasa, in his 2014 budget, stated that every mobile money transaction will attract a $0,05 levy. This comes on ...
Glen View pair in $1 000 EcoCash swindle 13 November 2013 HARARE - Two Glen View men were hauled before the courts for reportedly swindling a Mutare man of more than $1 000 through EcoCash transfers after stealing the man's pin number. Clayton Mavhumba, 24, and David Mavhumba, 34, were remanded in custody to November 21 when they appeared before Har...
NetOne re-launches mobile money transfer service 11 November 2013 HARARE - In A bid to keep abreast of the fast-growing mobile money market in Zimbabwe, State-owned mobile telephone operator NetOne have upped their value-added services by re-launching OneWallet last week. The revamped mobile banking platform now incorporates money transfers across all networ...
Steward the largest bank: Econet 1 November 2013 HARARE - Ecopnet Wireless Zimbabwe (Econet) says its banking subsidiary Steward Bank (Steward) is now the largest bank in the country in terms of account holders with over 500 000 subscribers registered on its EcoCashSave platform. This comes as EcoCashSave — an interest bearing mobile-based s...
Innovation spurs Econet 31 October 2013 HARARE - Zimbabwe's largest mobile network operator, Econet Wireless (Econet), recorded an 11 percent increase in revenue to $377 million in the half year to August 2013, spurred by non-traditional innovative products. The group said traditional voice revenues were maturing and the introductio...