Recently during an eNCA broadcast there was quite an extensive talk about the depreciation of the Rand against the dollar. What this simply means is that you now need more Rands to buy one dollar than what you previously needed. The purists must know that not only has the Rand depreciated against the dollar but the […]
Moving money between any two countries is pricey business. The commissions for such services have always been steep, which explains why everyone from traditional banks to remittances services and lately, mobile networks are all out to get a slice of that cake. For most Zimbabweans, a familiar service provider in this space is Mukuru. The South […]
News coming out of Barcelona at the Mobile World Congress is that MasterCard, the global payments solutions provider has announced a partnership with Steward Bank, a local financial institution. This facility has been enabled through HomeSend, an international money transfer unit that has been carrying out the same services in other markets around the world […]
Today, a debit card that you can use online and when you travel outside Zimbabwe is reasonably within anyone’s reach. It wasn’t always so. Back some 4 years ago, bank cards with with MasterCard or visa logo were for the elite. Actually, just banking itself was for the working minority. When FBC launched a prepaid MasterCard in […]
There are instances when you are either travelling or have a friend or relative in the diaspora and need to send money to them. Yes, the flow of funds is not just one way, but undoubtedly more funds come into Zimbabwe than go out (I’m not referring to payments for goods here, but rather peer […]
Recently Ecocash introduced the EcoCash MasterCard Debit Card that undoubtedly was a game changer, allowing millions of ‘unbanked’ people the opportunity to have the convenience of making payments anywhere and everywhere. Yes, the card works across borders, anywhere in the world they say and then there was the ‘possibility’ of making online payments. I went ahead and got […]
PayPal has just announced its active user base figure in South Africa, and it’s 1 million! Great yes, that so many more people can pay using what has become the defacto payment gateway of the internet. 1 million is however still less than 1% of PayPal’s active user accounts globally of 152 million and at home in South Africa, 1 million […]
There’s the sweet smell of a telecoms turf war in the air once again. This time its mobile money related, proving how the focus for dominance in telecoms is less and less about traditional services like voice communication. With mobile money as a focal point for revenue growth, Econet and Telecel (anyone seen One Wallet?) […]
We just attended the launch of Econet’s new EcoCash linked MasterCard card in Harare. A lot about the card is like what we wrote about yesterday. But there are a few things to add. First, Econet has named the product EcoCash Debit Card, essentially, the same name of the virtual debit card. We learnt today by the way […]
Econet, we have been told by reliable sources, is finally going to launch a Mastercard card that’s linked to the EcoCash wallet. It took a long time but not too late and it’s definitely not little by any margin. Some background first. About two years ago, a year after Econet had launched the EcoCash mobile money service, a […]
For those of you who are avid online buyers, here’s a hack that will allow you to use your MasterCard with Telecash. This solution has been available ever since Telecash launched in Zimbabwe and has been possible because of their “interoperability”. Enjoy!!! (You can thank me later) What you will need to use MasterCard with Telecash A […]
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 […]
Mobile service provider Telecel has launched a debit card for its Telecash mobile financial services subscribers. Dubbed the Telecash Gold Card, it allows Telecash subscribers to make transactions on all ZimSwitch POS terminals and also enables withdrawals from every ZimSwitch ATM facility. The card can also be used for the payment of a host of […]
It’s not very often that I buy the newspaper. More so on a Sunday. I mean I can get all the news I want online. WhatsApp and Facebook bundles allow me to consume all I can for less than $3 per month. Why would I still need to get my hands on news that was […]
Since we posted that PayPal will now work in Zimbabwe this week, we have been inundated with questions in the comments, in our WhatsApp groups, emails, on Techzim Answers, and on Facebook. Some are complaining that the service is not live yet and that PayPal or Techzim (or Reuters) spoke too soon. Some just want to know how they can get […]
In this series we will look at how to buy and sell using PayPal from Zimbabwe. Update: Recently, PayPal contacted our webhosts with a request to take down this page because it “uses our trademarks inappropriately.” We assumed they meant their logo and not all the content on the page. We have therefore removed the […]
Through the MasterCard Mobile Money Partnership, you will be able to use your EcoCash wallet wherever MasterCard is accepted with the option to have a prepaid MasterCard that you can also use wherever MasterCard is accepted.
Just like in a supermarket, after which many online shopping carts are modelled, you will have to pay for the product you want to buy before it is shipped to you. The accepted payment methods vary from seller to seller. The ways to effect payment range from simple and common like the use of a debit card or Western Union to complex electronic money methods like webmoney and bitcoin.
Most of us have friends and relatives who lost money and valuables either on their way to and back from South Africa. Despite our well stocked shops, there are still some economic reasons for embarking on this perilous journey to shop in towns like Musina and Johannesburg especially if you are looking to purchase some IT related equipment.
Zimbabwe’s largest mobile phone company, Econet Wireless, has unveiled an innovative functionality on its mobile money service EcoCash which allows a cell phone to also operate as a virtual debit card.
When you are in Europe or America, it is possible to move around without any cash in your pocket as long as you have a credit card or a debit card. Governments in developed countries have long urged their citizens to transact electronically. This is known as a ‘cashless society’. It is fast, cheap, and […]
This guest article was authored by Prosper Chikomo, an internet entrepreneur and author of Turning Iron into Gold: Golden Opportunities: How to Spot Them, Create Them, Make Money from Them, and How Not to Miss Them (Available on Amazon.com) As great as Pattern Matched Technologies’ (PMT) platform is, the move to Comviva’s platform will certainly help push […]
In September last year, we posted that FBC had introduced a new mobile banking service called Mobile Moola. They had and hadn’t. The advertising for the product died down and a visit to the bank’s head office in Harare to find out more about it only yielded that they weren’t ready to start talking about […]
As you may already know, ZimSwitch revealed these past few weeks a mobile money platform called ZimSwitch Mobile that’s already being used by a couple of local banks. ZimSwitch has signed up a total of 12 banks to their shared services platform and the 12 make up about 85% of Zimbabwe’s banked population.
We recently communicated with ZimSwitch business development manager, Adam Roscoe, and he disclosed some news that will no doubt excite internet entrepreneurs in Zimbabwe. ZimSwitch is working to launch an internet payment gateway.
FBC Bank has begun offering a MasterCard Prepaid service that enables locals to shop online across various platforms worldwide. In a campaign dubbed ‘Load & Go’ the bank initially introduced the campaign through the endorsement of local music icon; Oliver Mtukudzi, advertising the service’s access to leading merchants around the world.