Tag Archives: EcoCash

Unboxing the value of the Telecash Gold Card

July 17th, 2014

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Yesterday Telecel Zimbabwe launched a debit card for their mobile money users called the TeleCash Gold Card.This product had been in the pipeline for a while now, with Telecel having given some information on the card and what it would mean for subscribers at the launch of Telecash some months ago. While the launch itself [...]

My complicated relationship with my network provider

July 14th, 2014

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My relationship with my network provider, Econet Wireless is rather complicated. Why complicated? Well there’s so much to be happy about when it comes to being an Econet subscriber. Then there’s the litany of frustrating practices that warrant dismissing the Econet service and using another provider altogether. All this leaves one with conflicted choices about [...]

Use OneWallet through TelOne agents and win a T-Shirt!

July 4th, 2014

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Don’t just tell someone, tell EVERYONE! NetOne is making moves to broaden the reach of its mobile money service. According to a newly flighted advert TelOne is now a OneWallet money agent with 34 TelOne outlets across the country listed as agents! This hardly comes as a surprise though.One wonders why this arrangement hadn’t existed [...]

Telecash’s 600,000 subscribers means its growing almost as fast as EcoCash did

July 2nd, 2014

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A few days ago, Telecel’s General Manager, Angeline Vere disclosed that the company’s mobile money service that was launched 5 months ago, Telecash, now has 600,000 registered subscribers. This is an impressive number in  a number of ways, but mostly in comparison to Econet’s EcoCash, which has generally been regarded a success. Consider for example that in its [...]

Telecel reclaims “second biggest MNO” tag with strong subscriber numbers

July 1st, 2014

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Yesterday mobile network operator Telecel Zimbabwe gave oral evidence to a Parliamentary committee on Communication, Technology, Postal and Courier Services. According to a report in the Herald the operator released figures regarding its subscribers and its Telecash mobile money service. Telecel has 3.3 million active subscribers and is targeting to boost its switching capacity to 5.5 [...]

The Netone-ZESA marriage- Pride goeth before a fall

June 24th, 2014

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A must-be-gleeful NetOne was granted an unexpected boost ahead of its competitors in the ZESA prepaid electricity retailing facility. They are the only MNO awarded the opportunity to sell prepaid electricity tokens. No surprises there if you have bothered to read a bit of ZIMASSET. I warn NetOne not to celebrate prematurely though. I have [...]

Latest Techzim Podcast: ZESA loadshedding,

June 20th, 2014

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In this episode of the Techzim Podcast that recorded earlier this week we discussed In the power load-shedding by ZESA and how it affects startups, the new EcoCash Diaspora product they have partner WorldRemit to deliver, Mobile Money APIs, electronic payments in general, Paynow and finally the DSTV world cup blockage. Enjoy and lets discuss in the [...]

The Kombi ban, if it goes through, is an opportunity for mobile money operators

June 19th, 2014

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When Econet introduced the option for people to use the EcoCash mobile money to pay for their kombi (name for minibus in Zimbabwe) fares, the unanswered question was if the service would penetrate the highly chaotic public transport. The question was eventually answered ofcourse; the kombi chaos was not about to be disrupted. What is the chaos you may ask. Essentially, the [...]

Three reasons why PayPal won’t work in Zimbabwe

June 18th, 2014

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As Zimbabweans we have been a deprived lot. If it is not one nation introducing Visas so that we can’t visit them, then it is another banning the use of our ETDs (Emergency Travel Documents) when going to visit. Our misfortunes have also been prominent online. Facebook did not allow us to advertise to followers [...]

An EcoCash parallel market for cross border remittances emerges in Botswana

June 17th, 2014

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Last week, Econet launched EcoCash Diaspora, basically a means for Zimbabweans outside the country – and there are millions upon millions out there – to remit money back home to relatives. But EcoCash and WorldRemit’s arrangement has two major weakness. 1) it’s not available where most of these millions of people are are. The big relevant markets it’s [...]

The EcoCash official mobile money API is live. But only for some developers

June 16th, 2014

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The issue of the EcoCash API has been elusive. First it was a rumour last year. EcoCash itself denied it officially, but those inside told us the company was indeed working on something, or at least had got some people to work on something to enable merchants to process payments online.  Then came what appeared to be Econet’s own [...]

EcoCash Diaspora: Here are the countries you can remit money from

June 13th, 2014

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As you may know, two days ago Econet and WorldRemit announced the launch of a service that allows people outside Zimbabwe to remit money into Zimbabwe directly into EcoCash mobile money wallets. When we wrote the article initially we said, incorrectly it turns out, that people can use the WorldRemit service to send money from South Africa. South Africa [...]

Econet partners WorldRemit to enable diaspora remittances to EcoCash wallets

June 11th, 2014

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Econet Wireless Services and WorldRemit today launched a new international remittance service to enable anyone around the world to transfer money to an EcoCash wallet in Zimbabwe. Using the service, anyone in the 35 markets that WorldRemit operates from  (including US, UK, South Africa (See update below), Australia, Canada) will be able to transfer money directly [...]

A comparison Zimbabwean mobile money tariffs

June 10th, 2014

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The local mobile money transfer market has been going through a number of changes with three players joining the fray in the past year. With such a field the most common area of competitive differentiation is pricing. We have put together the list of mobile money transfer rates for the mobile payment services offered by [...]

Tel One phone bills payable through Telecash bill option

June 3rd, 2014

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Today Telecel announced the introduction of a Tel One bill payment facility through Telecash. This new service is meant to enhance the appeal of the mobile money service, which since its introduction earlier this year has been focused on adding merchant services and functionality that can compete with the market runaway leader, Ecocash. The Tel [...]

Developer creates EcoCash app for earlier Android versions

June 3rd, 2014

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A couple of months ago Econet Wireless launched an Android app for their EcoCash mobile money service. This release came in the heels of another local developer’s attempts at solving the tedious USSD based process that characterises the service. Sadly this solo effort was blocked before Econet introduced its own version of the application. Another [...]

Telecash agents and merchants total increases to over 3000

May 28th, 2014

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Telecel has just announced that its mobile money service Telecash has increased the number of its agents and merchants to more than 3000. This is close to double the number of agents that they had when the service was launched in January this year. At the time of its launch Telecash had 1600 agents, a number [...]

Zipcash money transfer service expanding into West Africa

May 27th, 2014

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Zimpost’s money transfer services, Zipcash, which was launched in October last year, will be setting up operations in West Africa with arrangements in Nigeria being finalised. This was mentioned by Zimpost managing director Douglas Zimbango, according to an article in the Herald. This regional expansion of the postal money transfer service started off with countries [...]

Use this Android app to pay less in EcoCash & Telecash mobile money tariffs

May 21st, 2014

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A few days ago, we posted an article that essentially showed how you can game the mobile money tariffs by splitting the transaction amount so you can pay less. But making those calculations is a hassle. After reading the article, a local developer decided to develop an Android app that simplifies the process. Called Tariff Calculator, when you [...]

EcoCash Hack: Here’s how you can pay less transaction fees

May 19th, 2014

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I went to an EcoCash Agent to withdraw the $60 I needed to buy a ticket for the Startup Weekend. I had $62 in my EcoCash wallet in my EcoCash wallet then. When I tried to make a withdrawal, I got this message: I didn’t realise that the transaction fee for withdrawing $60 is $2.30 [...]

Econet Wireless Zimbabwe posts firm results with dividends for shareholders

May 5th, 2014

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Econet Wireless Zimbabwe announced its financial results today for the period ending February 2014. The financial services and telecoms company is the country’s largest mobile services provider by subscriber number and provides a host of services through its network and financial institution, Steward Bank. After tax profit for the period stood at $119.4 million. $20 million [...]

Econet to integrate systems with Western Union

April 25th, 2014

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A report in the Herald has stated that a commercial agreement has been reached between money transfer services Western Union and Econet Wireless which will allow people to send money from abroad straight into EcoCash wallets. Under this new arrangement there will be no need to visit a Western Union branch as the money sent [...]

Steward Bank retrenchments strategic or late response to $24 million loss

April 24th, 2014

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The Herald yesterday reported that Steward Bank is closing 8 branches and consequently retrenching scores of employees. The Herald report does not give an indication of the timelines nor any official comment from Steward Bank and I am afraid that’s still the way it is. Our unofficial sources close to the bank collaborate the explanation given [...]

Econet says it won’t back down on its demands to banks

April 15th, 2014

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Econet Wireless has pronounced a firm refusal to back down on it’s demand on banks to pay a tariff of 30 cents to gain access to its transaction messaging system. This is according to a report in The Herald that quotes Econet Chief Executive Douglas Mboweni reaffirming this stance. According to the article, Mboweni insists [...]