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.