From an offline to an online experience: the shift in Zimbabwean e-commerce

In recent months, we have been seeing the shift in companies from cash sales to the trendy electronic and online platforms. Some of the most unlikely “traditional” corporate are showing an interest in these “new age systems”. Are we finally seeing the start of a huge shift into online payments and mobile payments in Zimbabwe? In this interview, we discuss this dynamic with Vusi Ndebele from local payments aggregator, Paynow.

22 Sep 2014

Zimswitch ATM cash withdrawal charges increased

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 […]

19 Aug 2014

We’ve figured out payments, so what’s next for Zim e-commerce?

Last Saturday Paynow, a local e-payments integration service, hosted a developers’ day at the Hypercube Hub. The event was attended by several developers and designers with some of them eager to integrate Paynow with their online services. Matthew Hood, the technical lead at Paynow, was pleased with the turnout at the Developer day, largely because […]

30 Jul 2014

House of Cards: networks out to dominate the cashless society

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?) […]

28 Jul 2014

EXCLUSIVE – How to use MasterCard with Telecash

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 […]

16 Jul 2014

Telecel launches debit card

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 […]

24 Jun 2014

Open mobile money ecosystems – inevitable but not urgent for African operators

I had the had the thrilling and awesome privilege to chair the second day of the 7th edition of the Mobile Money and Digital Payments Africa 2014, in Johannesburg at the end of May. Different stakeholders in the mobile money and digital payments industry across Africa and beyond converged at the Hyatt Regency Hotel in […]

11 Jun 2014

Textacash shows growth in a competitive mobile money space

Mobile money has redefined financial services locally and every serious service provider in the industry has tried to get in on the action. Local banks were relatively late adopters of m-commerce but despite this some of these institutions have managed to make remarkable progress even in the face of steam rolling competition from the likes […]

6 Feb 2014

What mobile banking USSD functionality exactly do banks want from Econet?

So after publishing a number of articles on the situation between the banks and Econet, about neutral access to the Econet GSM network, we’ve received a number of questions about  what exactly the banks are being denied and what they want from Econet. So far we’ve talked of limited USSD functionality. Thought we could dedicate […]

6 Jan 2014

Vpayments technical hassles gone but bureaucratic ones need to go as well

A few days ago I noticed vPayments finally has easy to integrate plugins for e-commerce CMS like Opencart, Magento and OScommerce and I immediately downloaded for an Opencart store I was experimenting with. This is a good development considering that less tech savvy e-commerce startups would otherwise have trouble integrating vPayments using pure code. The new […]

11 Sep 2013

ZimSwitch: an update on the ZimSwitch Shared Services (ZSS) platform

The article below is a statement issued by ZimSwitch on the state and progress made with the ZimSwitch Shared Services payments switching platform. The statement was issued to us as part of the research that we made over the past few weeks for the article Zimbabwe: Of banks, Mobile Money and EcoCash. It has been a busy year […]

4 Jun 2013

New Zim and US eCommerce site, KhayaShopping, launches

Without any widely adopted internet payments platform, despite the existence of Vpayments, and some EcoCash internet payment trials, eCommerce in Zimbabwe is struggling to take off. But there are startups that are moving in early regardless, positioning themselves for when the Zimbabwean will rely on the internet to shop.

11 Apr 2013

Barclays Zimbabwe to launch mobile banking service, Hello Money (updated)

Barclays will be launching its mobile banking application Hello Money, in Zimbabwe this month. The announcement was made as part of the launch of new ATMs by the company a few days ago. Hello Money will allow Barclays account holders to transfer money to a Barclays account or to an account at another banking institution, airtime top up, mini statements and balance enquiries.

20 Feb 2013

EcoCash & Stanbic integrate. CEO Mboweni comments on ZimSwitch integration

We’re just from a press conference where Econet Wireless and Stanbic Bank announced the integration of Econet’s mobile money transfer platform, EcoCash, with Stanbic’s banking system allowing EcoCash subscribers to transfer money from and to their Stanbic accounts. Selected branches of Stanbic will also act as EcoCash Super Agents allowing EcoCash agents and customers to do EcoCash transactions.

12 Feb 2013

EcoCash vs Banks: Econet is trying to confuse everyone, says FBC’s Mushayavanhu

As you may know, Econet came out yesterday to publicly accuse CABS, ZimSwitch and Kevin Terry of using the Bankers Association of Zimbabwe to fight Econet’s mobile money product EcoCash. The CABS MD, according to campaigning against EcoCash so he can push his own mobile money/banking product, Textacash. Textacash you will remember is basically an implementation of ZimSwitch’s Shared Services platform. And Zimswitch is owned by more than just CABS.

11 Feb 2013

Econet accuses CABS, ZimSwitch & Kevin Terry of trying to frustrate EcoCash

Press releases are usually filled with exaggerated self-praise and sometimes some subdued remarks subtly attacking the competition. Not with today’s press release from Econet Wireless which we posted earlier. The company has fired a salvo at CABS, ZimSwitch and Kevin Terry accusing them of using the Bankers Association of Zimbabwe to fight the EcoCash mobile money service.

30 Jan 2013

Press Release: ZimSwitch Vpayments – eCommerce in Zimbabwe

ZimSwitch is pleased to announce that the long awaited Vpayments platform is now in a controlled live environment, following pilot approval from the RBZ for this controlled stage of the launch. Vpayments is an eCommerce Payments Gateway that enables all 19 ZimSwitch member Financial Institutions to offer their banked customers the convenience of secure Internet based payments, and their merchants the ability to sell goods and services “online”.

Mobile Money: Zim banks moan about unfair competition from mobile operators

A report today by financial news and analysis service FinX says the Bankers Association of Zimbabwe have proposed that mobile money services be included in new banking reforms for the country. This, the bankers say, would create a level playing field in an sector facing significant disruption from mobile phone operators.