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 […]
Is the NetOne gamble on LTE really going to pay off? Wy weren’t owners of local digital content worked up about Mobilegeddon? How big a deal is mobile money for local telecoms anyway?We recorded another podcast to discuss some of these issues and you can listen to it here. We recorded another podcast to discuss […]
This past week, we got to sift through the latest figures on Zimbabwean telecoms from the industry regulator, POTRAZ. These sector performance numbers are provided regularly and even though we’ve always been whinging about the late delivery (This latest report is for October – December 2014), the data provided is a great market indicator. Which brings […]
The national economy is in a really bad state, and it’s not surprising that those nasty effects are now chewing into the telecoms sector in a big way. A report published by FinX quotes the most recent Post and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) Sector Report which has key highlights for the fourth quarter […]
DStv Zimbabwe has just announced that it has suspended payments through mobile money service EcoCash, something that ought to put a damper on any attempts at beating holiday queues through m-commerce convenience. According to a post published on the DStv Facebook page, this temporary disruption has been caused by technical challenges and it is indefinite. […]
From the onset, I have to say that I don’t have a lot of faith in online retailing platforms that focus on groceries in a 2015 Zimbabwe. But this is a business, so faith isn’t tradeable currency here and it won’t be the final word (no pun). Facts and the eventual performance of a service […]
After all the promises made and all the work being put into its mobile money service, EcoCash bound to happen eventually. Econet is now giving online retailing a shot with the new service and application called EcoShopper that was launched today. How do I access the service? There is an Android app EcoShopper (which is obviously powered […]
When we mentioned how Econet had successfully signed up over 1 million users for its mobile micro-insurance service EcoSure in two months, we also pointed out that some subscribers were forced to sign up for the service. I wasn’t amused by the text that told me to keep a dollar in my EcoCash wallet for […]
Like a lot of other Value added services, mobile money services have always had more than one regulator monitoring activities around service delivery and in a lot of respects, protecting the consumer. Now, the Reserve Bank of Zimbabwe (RBZ) and POTRAZ (Post and Telecoms Regulatory Authority) are out to offer some form of relief to mobile […]
Last night, Steward Bank, the financial services subsidiary of Econet Wireless Zimbabwe, officially opened its flagship branch at Eastgate Mall in Harare. Speakers at the event included the new Steward Bank CEO Lance Mabondiani and Japhet Aritho, the head of EcoCash. They both highlighted the focus of tapping into Econet’s tech and financial services strengths […]
It’s been a little less than a month since WorldRemit announced its partnership with the MTN Global Group. Now, the money remittances and transfer service has just announced that it has raised $100 million in a Series B funding round. Lats year the company raised $40 million from Accel Partners, a Silicon Valley Venture Capital […]
Sometime last year we wrote about the M-Ledger Android application that had been launched by Safaricom as an “accounting service” for the mobile money service M-Pesa. It was the product of a Kenyan startup that was working with the leading Kenyan mobile network. Noticing the relevance of such a service for Zimbabweans who use mobile money […]
You probably saw it in a couple of adverts yesterday; EcoCash tariffs have been reduced. Not that the advert said it explicitly, it just listed tariffs effective 1 February 2014.These are only slight reductions, something that probably explains why this wasn’t promoted extensively. The new tariffs are in the table below. The adjustments have largely […]
You might have heard that a new South Africa to Zimbabwe remittance service called Mama Money is coming in the next couple of weeks. The key problem that Mama Money identified is that it’s still very expensive for migrants in the country to remit back home so they are bringing a new and somewhat anti-capitalist thinking to […]
Numbers don’t lie, especially in business, and when the right sort of numbers are going up it becomes a celebrated truth. From the surface the Zimbabwean mobile telecoms scene is in pretty great shape. In a conclusion to the quarterly performance report POTRAZ, the industry regulator, spelled out how the third quarter of 2014 noticed a […]
Lance Mambondiani has been appointed the Acting CEO at Steward Bank as his boss, Kwanele Ngwenya leaves the organisation at the end of the month. Earlier this month several publications carried the story of Ngwenya’s exit with some referring to it as less ceremonious. Mambondiani’s appointment was approved today by the Reserve Bank and communicated by the Chairman of the bank, Oluwatomisin Fashina. […]