Articles tagged 'mobile money'

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...
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...
Zim shines on financial inclusion rankings 24 November 2015 HARARE - Zimbabwe has been ranked sixth in the world as the economy with the highest number of residents with a financial account who use mobile banking, data from the World Bank's Global Financial Inclusion Database shows. According to the World Bank (WB) figures, Zimbabwe is on sixth positio...
Mobile money transfers surge 24 May 2015 HARARE - Moira Kambanje, 66, can now receive money from her daughter in South Africa, buy groceries, pay bills and also send money to her other child at a local university. She does this without even visiting the bank or the city council offices.  How times change! The revolution spurred by...
Electronic transactions hit $1bn 5 November 2014 HARARE - Electronic transactions processed through the national payment system increased from $962 million to $1,1 billion in the week ending October 24, 2014, latest Reserve Bank of Zimbabwe (RBZ) statistics revealed. This is the second time the e-based transactions have surpassed $1 billion ...
Mobile money transactions surge, RTGSs decline 20 June 2014 HARARE - ZIMBABWE mobile money transactions increased by 11 percent in the week ended May 30, 2014 to $66 962 959, 51 from $60 551 078, 95 recorded prior week, latest central bank statistics reveal. The Reserve Bank of Zimbabwe (RBZ) said during the period under review, transactions processed ...