Tag Archives: EcoCash

Mama Money to launch SA-to-Zimbabwe money transfers to Textacash wallets

January 23rd, 2015

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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 […]

All bets are on mobile money & data as SMS declines and telecoms shifts

January 22nd, 2015

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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 appointed Steward Bank acting CEO

January 21st, 2015

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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. […]

The noise & signal around the departure of Steward Bank CEO, Kwanele Ngwenya

January 9th, 2015

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How the resignation of Steward CEO, Kwanele Ngwenya, has been treated in the media and by sources inside the company itself is quite curious. At least 3 reputable media companies (The Source, Financial Express (email news so can’t link)  and The Herald) reported since yesterday that Kwanele Ngwenya had been forced out of the bank apparently for corporate […]

2014 in review: The winning apps for the year

December 17th, 2014

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We are at that time of the year when we decide to take a step back and try to get a better sense of what was really going down in 2014. It’s the end of 2014, and I have had my fair share of experiences this year with quite a lot which includes apps. I […]

Econet reactivates USSD long codes, fixes and updates its EcoCash app

December 16th, 2014

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Just last month we were complaining about how Econet was dragging its feet in updating its EcoCash App which has been available on Android since March this year. The app had become ineffective because of the disabling of USSD long codes that run at the back of the app, powering every function selected.The good news is that […]

Econet jumps back into insurance. What’s their play here?

December 11th, 2014

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It’s no longer called EcoLife, but Econet are back in the insurance game. This time it’s called EcoSure, and its hardly the same thing as the previous offering. The service has a different value proposition and merits in other aspects such as ease of use and a different payout. This is the MNO’s renewed attempt at […]

Steward Bank goes branchless with new Agent Banking Model

November 26th, 2014

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Earlier today Steward Bank, a wholly owned entity of Econet Wireless Zimbabwe, introduced its new Agent Banking model to the public at a launch in Harare. Under this new model, selected EcoCash agents will offer a number of services under the Steward Bank banner. Steward Bank is also introducing the AllSave Bank account as the […]

When will Econet fix its EcoCash app?

November 18th, 2014

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I still think that one of the best things to come from EcoCash is their EcoCash app. Although launched for Android only, after a bit of controversy around a previous version from another developer, it makes transacting easier and faster. In the absence of USSD long codes and cards like the EcoCash Tap and Go […]

Exclusive: Econet relaunches Ecolife (update)

November 13th, 2014

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We have just been informed by sources close to Econet that the MNO is set to reactivate its insurance product Ecolife tomorrow. This isn’t an official launch, it’s more like a silent rollout of the service which hadn’t been available since 2012. This time Econet will be riding solo with its own new life assurance […]

EcoCash, Western Union consummate remittances relationship

November 6th, 2014

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Earlier today we attended the official launch of a partnership between EcoCash Diaspora and Western Union. The service which was already reflective on the EcoCash menu yesterday, had been on the cards for months now. Western Union is the latest remittances firm to partner with EcoCash after a similar arrangement was penned with WorldRemit earlier […]

AfricaCom Awards 2014 nominees: An inspiration for Zim startups?

November 3rd, 2014

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The 17th edition of the Annual Africa Com conference, the continent’s largest technology gathering is around the corner and with it, the AfricaCom Awards that recognise the continent’s leading tech and telecoms forces. The nominees list (available here) which was released over a week ago, has reaffirmed some operators and tech entities, including those with […]

EcoCash introducing service with Western Union, what can we expect?

October 29th, 2014

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EcoCash, the mobile money arm of Econet Wireless, is set to launch a new service that allows Western Union money transfers to be made directly into a recipient’s EcoCash wallet. Western Union already has a similar web to mobile money transfer arrangement with network operators in and outside Africa such as Kenya’s Safaricom, Tigo from […]

No you aren’t the only one, Econet is down (update)

October 27th, 2014

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If you are an Econet subscriber you might have noticed that all USSD services are currently not working. Any attempt to use the network results in a pop up message about a “connection problem or Invalid MMI code” From conventional airtime recharge, balance inquiry, recharge via EcoCash or any other EcoCash service for that matter, […]

Dear ZIMRA: How about paying taxes through mobile money?

October 24th, 2014

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In Kenya it’s now possible to pay taxes via mobile money. According to a recent report in Mobile Money Africa, mobile operator Airtel has partnered with the Kenya Revenue Authority (KRA) to introduce the new service. This service will allow subscribers to inquire about KRA services, generate a KRA payment reference number which will be […]

Econet releases HY results: Revenues increase, earnings decline

October 24th, 2014

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The latest financial results for Econet Wireless for the half year ending August 2014 were released yesterday with an indication of a performance that has benefited significantly from the network’s overlay services. With revenue for the period up by 4.2 % to $392.3 million Econet has been posting a strong performance, despite the tough economic environment […]

Techzim Podcast: Connected cars and NFC Payments, Zim Dancehall and Ebola

October 19th, 2014

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Here’s the latest edition of the Techzim Podcast. In this episode there was a debate on the Econet Connected Car service and a brief discussion the EcoCash Tap & Go Card which currently at pilot stage. We also discussed the Zim Dancehall App and the “A Dollar for Ebola” crowdfunding campaign being pushed through Facebook. What are […]

More info on EcoCash’s new Tap & Go NFC Card

October 16th, 2014

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A few weeks ago we stumbled upon an EcoCash card payment system that was being used at an eatery in Harare. The system, which was under some form of stealth test phase, turned out to be powered by Near Field Communication (NFC) technology, as users simply tapped the cards against a merchant device. Today we […]

Econet ventures into car tracking with its new service

October 15th, 2014

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Earlier today we attended the very elaborate launch of mobile operator Econet’s new service called the Econet Connected Car which is part of a new range of products that Econet is calling Connected Lifestyles. The main delivery was by Dorothy Zimuto, the COO for Econet Connected Car, who outlined Econet’s ambition to ensure that most […]

WARNING: Don’t buy airtime through EcoCash on weekends

October 11th, 2014

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For some time now, I have been using my EcoCash wallet to buy airtime.Though I don’t get a discount for doing this (they give dealers and wholesalers between 8-10%, surely this can be extended to us, they have no printing costs of a physical recharge card or other costs that are associated with buying airtime) […]

Econet ventures into advertising?

October 10th, 2014

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If you’ve made a call on any Econet line in the past couple of days you probably noticed that some of the pop up notifications that you get for any call attempt now come with an advert at the bottom. In the case of the call screen captured in this screen shot Lobels, a local […]

Shared mobile money agents: Does this benefit the ecosystem?

October 6th, 2014

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It’s been reported that the Competition Authority of Kenya (CAK) has pushed through an order compelling Safaricom, Kenya’s largest mobile operator, to share its mobile money transfer agents with the other mobile networks. This regulatory intercede in the Kenyan mobile money space is similar to what we noticed earlier this year in the Zimbabwean mobile […]

How to send money to Zimbabwe

October 3rd, 2014

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So in sending money to the UK, one of the questions that people asked me was how do I send money to Zimbabwe. Why send money to Zimbabwe? I know, weird question. But there are people out there that still ask. Well, for those of you that still have relatives and friends that are still […]

Why EcoSchool will be good for the ecosystem

October 3rd, 2014

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EcoSchool launched its education platform a few days ago. Hopefully it will bring to an end the questions and speculations that we’ve had to deal with at Mazwi, a start up that I have been a part of since 2013. What does the EcoSchool launch mean for our startup in particular and the digital education […]

Everything you need to know about Econet’s EcoSchool

October 1st, 2014

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We just attended the official launch of Econet’s EcoSchool that we spoke about yesterday. This time it wasn’t just a pilot launch but the roll out of the service to the whole country. Speaking at the launch the Head of Econet Services, Darlington Mandivenga mentioned that the EcoSchool product and service will be made available […]

Telecel unveils Android mobile app

September 25th, 2014

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Earlier today at the launch of the Telecel Telesure Insurance product, the Telecel team unveiled a new telecash Android mobile app for their mobile money service, telecash. The application, which is available for download on the Google Play Store, gives telecash subscribers a faster and easier transaction option for the usual mobile money activities like […]

Zimswitch ATM cash withdrawal charges increased

September 22nd, 2014

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Local banks are set to raise the cash charges on Zimswitch ATM withdrawals by 50%. This increases the charge from the current $2 to $3 per transaction starting next month. This adjustment in charges applies to any customer taking advantage of Zimswitch interoperability and withdrawing money from a non- native ATM, which is another bank’s […]