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AfricaCom 2013: EcoCash platform wins “Best mobile money” award

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ecocash-mahindraMahindra Comviva, the company powering Econet’s mobile money solution, EcoCash, today won the “Best mobile money service” award at the AfricaCom Awards in South Africa. The awards are a big deal on the continent as they are part of the AfricaCom conference which is currently Africa’s largest conference for the telecoms and tech sector. More telecoms.

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The platform is called Mobiquity. In a statement sent to us, Mahindra Comviva said about the award:

It is an honor to receive such a coveted award. The emergence of sectors like financial services as key revenue contributors truly reflects the gradual transformation of African market. I am extremely elated that Mahindra Comviva’s efforts in these fields have been recognized especially for EcoCash, which strengthens the financial infrastructure.

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EcoCash is currently Zimbabwe’s largest mobile money service. The service was launched in 2011, and in the short time managed to get 3 million subscribers. Recently, Econet announced that the platform has, this year alone, transacted more than US $1 billion already.

Locally, EcoCash competes directly with services by fellow mobile operators; NetOne OneWallet, and Telecel’s soon to be launched Telecash.


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