Earlier this week it was reported that Kenyans will now be able to open Central Bank depository accounts from their phones using their mobile money accounts without visiting a bank or broker, and proceed to buy government paper. Can this be adopted in Zimbabwe as well?
Is the latest drive for e-banking from Ecobank adequate for a 2015 Zimbabwe which is a proudly informal economy? It would seem that the glaring omission from Ecobank’s strategy is an aggressive adoption of indigenous retail banking alternatives.
One of the proposed legislative bills, for the Parliament of Zimbabwe will be the Electronic Transaction and Electronic Commerce Bill, commonly referred to as the e-Transactions Bill. It is set to outline the regulatory parameters for electronic transactions and electronic commerce.
Recently, there was a lot of excitement stirred up when Safaricom, Kenya’s largest mobile operator, released the Application Program Interface (API) for its mobile money service M-PESA to local and international developers. This is a step forward for Kenyan mobile commerce and e-services, but also shines light on the importance of startup and developer engagement.
We’ve seen some advocacy for Bitcoin locally as well, and now some people are starting to integrate Bitcoin with other common financial services. Take Bitmari for example. This is a new Bitcoin-based money remittance service for the Zimbabwe market.
If you have been trying to make voice calls from an Econet number and can’t get through, it’s not just your phone. The whole network appears to be facing challenges with connecting subscribers for voice calls. This problem appears to have affected the entire network for more than an hour so far, and even though […]
In its latest effort to highlight its position as a job creator, Econet has published a full page press statement outlining its support of more than 60,000 jobs in the Zimbabwean economy. Could be it be part of Econet’s efforts to lobby for the loosening of regulation which has been handicapping the industry?
Zipcash has continued to expand its presence and it is now available in new Sub Saharan markets. How does it fare against the contemporary mobile money options?
A local Mobile Money tariff calculator app released last year has now been tweaked to catch up with some of the changes in local mobile money services. The app it now incorporates calculations and comparisons for OneWallet and Nettcash and the user interface has been dusted up a bit.
In recent months, we have been seeing the shift in companies from cash sales to the trendy electronic and online platforms. Some of the most unlikely “traditional” corporate are showing an interest in these “new age systems”. Are we finally seeing the start of a huge shift into online payments and mobile payments in Zimbabwe? In this interview, we discuss this dynamic with Vusi Ndebele from local payments aggregator, Paynow.
Lately, there has been a lot of noise over how classified sites could lead to a boom in e-commerce,yet online peer-to-peer marketplaces (classifieds) do not quite qualify as electronic commerce. The payment method is agreed upon between buyer and seller, and might as well be good old fashioned cash: the ‘place of commerce’ for those […]
Banks have been given an ultimatum by the RBZ to submit financial inclusion plans within the next four months, a late development considering that banks have laid back while Ecocash and Telecash established a presence in the market.
WorldRemit, the online money transfer service which has been tapping into mobile money services, recently announced the introduction of Instant Mobile Money transfers to Burundi through a partnership with Econet Burundi.
The sale of prepaid electricity has been opened up to Nettcash, the youngest mobile money service which has no visible ties to the government. Just how did Nettcash pull this off when other operators like EcoCash and Telecash are being excluded?
Through a partnership with Mkesh, the mobile money service owned by Mozambican mobile operator Mcel, Mukuru users in South Africa can now send money straight into a Mkesh wallet.
MobiLedger the Android App that was introduced as an “accounting service” for EcoCash, has gone through some changes with a revamped User Interface and the introduction of a bill scheduling feature.
TelOne has its own payment platform called telpay.co.zw. It offers a payment facility for TelOne bills and sells TelOne ADSL and WiFi vouchers. Another nifty add-on is the sale of ZESA prepaid electricity that you can pay for with Telecash and EcoCash.
Powertel is saying that it’s not insolvent. In a press release, it is highlighting its significant growth over a period of more than 15 years, referencing investments in telecoms infrastructure, voice services, internet and prepaid electricity aggregation where most of its cashflow seems to be coming from.
Nettcash has complained that other mobile money operators are muscling Nettcash out of the agency network and going to the extent of taking over some agents and stripping their signage from the kiosks and premises.
The inaugural edition of the Mobile Money and Digital Payments Conference and Awards drew the who-is-who of banking and telecoms. See the event in pictures below
Some readers argued that Tengai, the new online classifieds startup, though registered and fully operational as an entity that is not a subsidiary of Econet Wireless Zimbabwe or the Econet Group, has ties to the mobile operator and is leaning on this association in a way that violates net neutrality.
A whole day of discussions around digital and mobile payments that brought together banks and mobile network operators, was concluded with the Awards Ceremony that recognised the best performing companies and products.
It seems Econet, banking on its market share and business interests, is still unwilling to enable interoperability in some aspects of their services, particularly hand to hand wallet to wallet interfacing. This is unlike the competitors OneWallet, Telecash and Nettcash.
Econet has launched the EcoSure Burial Society. It’s a funeral package that facilitates group contributions for funeral policies.
EcoSure is riding on the old concept of burial societies where groups of friends, relatives, church members or workmates contribute towards a fund that will assist each member in the event of a funeral.
Zimbabwe’s new online classifieds platform, tengai.co.zw has finally gone live. It offers the standard functionality of online classified platforms and users can post listings, for free, in any of the 12 different categories that include mobile and electronics, vehicles, property, jobs and services.
Facebook is testing a “Buy” button that would allow users to shop on Facebook. This puts it in direct competition with e-commerce platforms.
Nettcash, the mobile money service, is set to launch a new product that will enhance its list of services and improve its current platform. We are not sure what the new product is, but there are some aspects of its current offering that it should consider improving on.
The Mobile Money and Digital Payments Conference, an awards ceremony that seeks to recognise and honour outstanding performance and innovation in mobile money and digital payments will be held on the 27th of July in Harare
We have received information from an inside source to confirm what has long been said to be in the cooking at Econet – a classifieds platform called tengai.co.zw. The website isn’t up yet, but a look at some of the artwork related to it seems to show what we can expect from it.
Telecash may have faced a seasonal drawback in the Telecel versus government tiff early this year but they look set to grow stronger with the right formula. Recording 1 million subscribers from launch last year in January, they can easily reach the same user ratios as Ecocash.