Econet increases EcoCash mobile money transaction limits

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EcoCash AgentEconet, Zimbabwe’s largest telecommunications firm, and now arguably the largest mobile money transfer services provider in the country, announced recently the increase of daily and monthly transactions limits for its EcoCash service. The changes were effected on 25 September 2012.

Where previously an EcoCash user had a daily spending limit of US $500, the amount has been increased to $1,000. The new daily spending limit is inclusive of all financial transactions except cashing-in – depositing money into one’s own account. The monthly transaction limit, which was $2,000, has been increased to $3,000.

The changes come as Econet rolls out its new merchant services. The merchant to merchant daily and monthly limits are $5,000 and $10,000 respectively.

Here’s a table of the new EcoCash transaction limits:

Transaction type

Daiy maximum (USD)

Monthly Maximum (USD)

Cash-In

              1,000

                     3,000

Cash-Out (registered customers)

              1,000

                     3,000

Cash-Out (unregistered customers)

                 500

                     2,000

Send Money to a Registered EcoCash User

              1,000

                     3,000

Send Money to a Non-Registered EcoCash User

                 500

                     2,000

Airtime Top Up

                 500

                     3,000

Bill Payment

              1,000

                     3,000

Pay Merchant

              1,000

                     3,000

Receive money

              1,000

                     3,000

Bulk Payment-Receive Salary/Grant/Aid

 N/A

                     3,000

Merchant to Merchant

              5,000

                    10,000

 

 



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