Tag Archives: Mastercard

Taking advantage of the weak Rand

March 13th, 2015


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 […]

Mukuru takes on SA to Botswana remittances, will need mobile phone advantage

March 5th, 2015


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 […]

A new remittance channel emerges as MasterCard partners with Steward Bank

March 3rd, 2015


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 […]

FBC finally fixes Prepaid MasterCard. TelOne & Post Office to take deposits

December 13th, 2014


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 […]

How to send money to UK

September 26th, 2014


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 […]

EcoCash online payments through MasterCard

August 26th, 2014


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 […]

House of Cards: networks out to dominate the cashless society

July 30th, 2014


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?) […]

EXCLUSIVE – How to use MasterCard with Telecash

July 28th, 2014


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 […]

Unboxing the value of the Telecash Gold Card

July 17th, 2014


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 […]

Telecel launches debit card

July 16th, 2014


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 […]

PayPal in Zimbabwe: Here’s how to open your paypal account

June 18th, 2014


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 […]

Using PayPal from Zimbabwe: Introduction

October 25th, 2013


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 […]

Guide to online shopping in Zimbabwe: making payments

June 28th, 2013


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.

Shopping safely abroad using debit cards

April 19th, 2013


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.

Econet Press Release: Update on EcoCash upgrade

August 9th, 2012


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 […]

Econet’s move to Comviva to give Zimbabwe e-commerce jetpacks

August 8th, 2012


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 […]

ZimSwitch to provide internet payment gateway for Zimbabwe

October 27th, 2011


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 introduces MasterCard Prepaid services

August 16th, 2011


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.