advertisementBuy ZESA tokens online

Econet partners Paynet for EcoCash payroll service (updated)

EcoCash Paynet

EcoCash PaynetUpdate: Updated the number of companies Paynet works with from 150 to 1,500 after receiving the correct information from the company. 

We just got information that Econet and Paynet, a local payments & payments software company, have partnered to offer a new EcoCash service that will enable companies to pay salaries directly into their employees’ EcoCash wallets. The service will likely be announced in the coming days.

Paynet, which is part of the Payserv group, already offers electronic payroll¬†processing services and counts as clients some 150¬†1,500 companies locally. The new EcoCash wallet payment option will be available to this huge base of existing clients and will likely attract more companies to consider Paynet for their salary payments processing. Ideally, not all sizes of salaries are for this method; we imagine it’s for middle to low income salaries.


The new convenience for employees that will have their salaries channelled to their EcoCash wallets is that they won’t have to set time aside to go to a bank to retrieve, say, money for rentals and other monthly expenses. Those that currently receive their salaries as cash in an envelope will also not run the risk being robbed on pay day.

The development will probably see some people start to keep money in their EocCash mobile money wallets they way they would in a bank account. If your salary came to your EcoCash Wallet, why would you need to move it from there unless you wanted to spend it immediately. Why would you need to even transfer it to a regular bank account? Maybe to pay off a small bank loan?

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen

You might also like

Standard Chartered responds on the matter of the 2% Tax collections

Standard Chartered asking customers to pay 2 YEARS of the 2% Tax in 3 months

Financial Clearing Bureau is now offering tenant vetting services

Windows is now 35: Here are my first memories. What are yours?