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.
Econet has asked its suppliers to reduce prices by 15% in a cost cutting measure that is meant to help it weather the tough economic environment.
This is a review of the Samsung Galaxy S6 Edge, the flagship device from the mobile devices giant. With outstanding specs, and a great design it easily looks like the best device on the market. But is this blend of art and science worth $1,305?
Econet has reduced the salaries of its entire staff by 35%. This has been attributed to a lot of challenges in the local business environment, and the other complications in Zimbabwean telecoms. The operator will have to do a lot to improve its performance and beat all of this.
Chitoro, an international money transfer agency based in the UK, has just announced that it recently connected EcoCash to its receiving channel for diaspora payments targeting Zimbabwe.
The Astro brand is constantly aiming to define its name when it comes to local innovation. The team there has conceptualised some cutting edge solutions in tech, but sadly others have failed to go market. Hre’a a look at Payit and possible reasons it failed.
Econet’s EcoFarmer VAS service has introduced a new platform called Dial-a-Mudhumeni. This offers information from agricultural experts via phone. By dialing 144, farmers can get help on livestock, tobacco and agricultural market information. the service costs 30 cents a minute.
Spar has introduced a payments area within the shop and a loyalty program meant to reward customers for their business. It will provide a booth where the main Mobile Wallets (Ecocash, Telecash and One Wallet) and CBZ bank are available for customers.
After more than eighteen months, Econet has finally secured the go-ahead from the South African authorities to start an EcoCash Diaspora remittances service from South Africa to Zimbabwe
NetOne has a fair subscriber base of just under 30% of the market, which has however failed to translate into a healthier OneWallet. Accounting for less than 1% of Mobile Money subscribers, it needs to overhaul the product or face extinction.
Most banks have Internet and Mobile banking solutions but the industry is heavily dominated by Mobile Network Operators. Banks have not gone beyond the ATM cards to develop solutions that are in tandem with today’s consumer’s technological socialisation.
Always refreshing to see a new product launch especially from a Company like Econet. There is not much to expect however from this new data App from EcoCash. It feels like just a channel change from USSD to Data.
According to the latest numbers from RBZ, Zimbabweans are handling more and more transactions electronically. The biggest driver is mobile money through services like EcoCash and Telecash. This seems to point to the opportunity in e-commerce as Zimbabweans now have faith in online transactions and digital payments.
Econet Wireless Zimbabwe has released its annual financial results. The operator has registered lower revenues and a 41% decline in profit. After tax profits stood at $70 million and revenues came to $746 million. Broadband and mobile money have contributed 22% to the operator’s performance and voice revenue continues to fall.
Listen to that…..silence. It seems like besides launching a group savings product, EcoCash has been rather quiet lately. I say this not because I was a fan of the product blitzkrieg that its parent company Econet launched on its mobile money competition last year. Far from it. Some of those EcoCash related products weren’t inspiring, but […]
Despite the huge success that mobile money has been enjoying, some of its iconic services don’t seem to get noticed. Case in point, EcoCash Save. Considering our challenges with financial inclusion, this was a great concept. But other than the EcoCash Credit we haven’t heard much noise or product iteration around it, until now. Yesterday […]
Towards the end of 2014, Steward Bank, the Econet Wireless owned financial institution, introduced the Agent banking model which allowed selected mobile money agents to offer some services in line with mainstream banking. This model allows any Steward Bank account holder to get certain services from the mobile money agent, that would only be accessible from […]