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Econet increases EcoCash platform capacity increased 4 times

Yesterday, Econet made an announcement via a release to assure the market that issues (these, issues) have been resolved with “virtually all banks” and everything working according to plan, all banks that want to be connected to EcoCash, would be integrated by end of March 2013. According to release Econet is apparently responding to fears by some financial institutions that they’ll lose customer to EcoCash integrated banks.Econet just announced via a press release that they are upgrading the capacity of the EcoCash mobile money platform to 4 times its current size. The upgrade is a multi-million dollar project according to the announcement. Information of the upgrade was first released last week on Friday when the company notified subscribers via an SMS to expect some disruption to the EcoCash service due to the upgrade.

Here’s the full release:

Econet Wireless is undertaking a multi-million dollar expansion of its mobile money service, EcoCash, in response to its dramatic and unexpected growth since its launch in September 2011.

The expansion will make the EcoCash system four times bigger than it is currently, and also pave the way for the company to launch additional services.

Executives at the company concede they have been caught by surprise by the dramatic growth of EcoCash, and have had to scramble to order and install a much bigger system. Engineers from the company’s suppliers have been in Zimbabwe for several weeks upgrading all the systems and they are expected to have completed their work by the end of September.

Econet Services CEO Mr Darlington Mandivenga said the expansion will allow the company to launch new services on the EcoCash platform.  He said Econet customers are no longer using the EcoCash system to simply send money to relatives in the rural areas at month-ends, but are now also using it to make all sorts of payments, including paying salaries.

Meanwhile, Zimbabweans in South Africa have now finally started sending money by EcoCash, Mr Mandivenga said. He confirmed that service was available from a few limited sites in that country until the full upgrade in Zimbabwe was complete.

“If we open up the service completely, we will have complete congestion. We have to wait two or three weeks,” said Mr Mandivenga. He said the excitement in South Africa was very high because EcoCash solves the problems people have had for many years when it comes to sending money home.

 


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5 thoughts on “Econet increases EcoCash platform capacity increased 4 times

  1. Plenty of other safe ways to send money into Zimbabwe! With the fees Ecocash charge its no wonder they are able to expand… when will the people realise there are cheaper and more reliable names in the market especially from RSA. No ways am I prepared to pay the ecocash fees!

    1. Wamanikidzwa here kushandisa ecocash kana usina mari yokutumira uchiti zvinodhura siya vanayo vatumire iwe

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