Tag Archives: ZimSwitch

ZANU PF dabbling in banking and e-commerce?

September 30th, 2014


If you are a paid up member of the country’s ruling party ZANU PF and you have the latest version of their membership card there’s something you’ll have noticed already. The card is written ZANU PF Financial Services and has a Zimswitch logo at the back of it. After receiving some inquiries regarding this card […]

Zimswitch ATM cash withdrawal charges increased

September 22nd, 2014


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 […]

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

August 19th, 2014


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 […]

Telecel launches telecash promo to reward users

August 1st, 2014


Telecel ZImbabwe kicked off its Transact and Win Promo today which will reward users of the telecash service with an assortment of prizes. Lucky subscribers stand to win cash ($500 prizes for 20 subscribers plus 350 weekly prizes of $10), DStv decoders and subscriptions, airtime as well as cellphones. Only Telecel customers registered on the […]

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 […]

Sakunda Energy digitalises payment with Fuel Card

July 3rd, 2014


Most of us remember coupons fondly as the easily tradable pseudo-currency from the pre-dollarisation era. Well, local fuel distributor Sakunda Energy has taken a step into the digital age and done away with the coupons with the introduction of their Sakunda Fuel Card. The petroleum concern stopped selling coupons some time ago and has been advising […]

Textacash shows growth in a competitive mobile money space

June 11th, 2014


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 […]

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

February 6th, 2014


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 […]

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

January 6th, 2014


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 […]

The year 2013: The high and low tech moments in Zimbabwe

December 31st, 2013


In just a couple of hours the year ends and 2014 rolls along with its high expectations from all of us. But before that happens we thought we’d look back at the highs and lows of 2013. Those moments got us really excited and extremely happy, as well as the other extreme. First the lows, because […]

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

September 11th, 2013


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 […]

New Zim and US eCommerce site, KhayaShopping, launches

June 4th, 2013


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.

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

April 11th, 2013


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.

EcoCash & Stanbic integrate. CEO Mboweni comments on ZimSwitch integration

February 20th, 2013


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.

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

February 12th, 2013


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.

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

February 11th, 2013


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.

Press Release: EcoCash open to every bank in Zimbabwe

February 11th, 2013


A senior Econet Wireless executive, Mr Darlington Mandivenga, who is responsible for the rollout of EcoCash, has dismissed a claim reportedly made by Bankers Association of Zimbabwe’s immediate past president, Mr John Mushayavanhu, stating that Econet has denied banks access to its platform for integration.

Press Release: ZimSwitch Vpayments – eCommerce in Zimbabwe

January 30th, 2013


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”.

Some noteworthy discussion points from the ePayments Forum

December 11th, 2012


As party of the ongoing discussion following the ePayments Forum that was held exactly two weeks ago, we’ve decided to post here the main issues that came out of the event. You can read more about the event itself on the sub site dedicated for the event here: epayments.techzim.co.zw

Webdev prepares to launch Vpayments integrated hosted shopping cart

December 7th, 2012


About 2 months ago, in line with the new strategic direction for the company, Webdev introduced a hosted cart solution. According to the founder, Garth Drummond, the company is gradually moving away from the usual website development work that has been their work for more than 10 years now into hosted web solutions and the shopping cart is the start. The development is timed along with Zimswitch’s introduction of Vpayments, an online payment solution that makes shopping carts conveniently usable to Zimbabwe’s internet population.

While Zimswitch waits, Econet chooses to partner banks directly with EcoCash

December 5th, 2012


Today we attended a press briefing where Econet Wireless Zimbabwe and CBZ Bank were announced a new mobile banking partnership. The partnership basically entails that EcoCash subscribers who bank with CBZ can now move money between their EcoCash mobile money wallet and their traditional bank account from their mobile phones. Users of the service can also check the bank balance and get a mini statement all via EcoCash.

Vpayments may not be for everyone

November 29th, 2012


When mobile payments were introduced in Zimbabwe, I thought here is the chance for me to sell my book to Zimbabweans who do not have Visa cards, MasterCards etc. I made my first call to Big Bank in November of 2011 and asked them about accepting payments via their mobile money transfer solution. I was told it was Ok.

Everything you need to know about Zimswitch’s Vpayments gateway

November 19th, 2012


Zimswitch, a national switching company recently introduced an internet payment gateway service called Vpayments. Being a financial switch basically means they provider interconnection between their member banks. Zimswitch member banks account for about 95% of the 1.5 million banked population in Zimbabwe. After hyperinflation and dollarisation, many Zimbabweans moved away from the banks, but now they are moving back, with the number of banked individuals holding a bank account expected to exceed 3 million by the end of 2013.

Announcing Zimbabwe’s first ePayments Forum

November 12th, 2012


Convenient payment options are a critical and often cited sticking point for commercial and economic development. Numerous discussions have taken place around the need for increased electronic payment methods as a means to overcome time, socio-economic, and logistical constraints amongst others.