As you may know, we’ve had the opportunity to check out the Telecash menu before they have made it available to the public. We posted a number of screenshots here. The one thing however that hasn’t been too clear to date, in terms of how the mobile money platform will work, is how its going to relate to regular banks. See, so far Telecel has been a dump pipe of sorts for the banks, something Econet has refused to do, and something we hope Telecel will still keep open.
However, like Econet, Telecel it seems will also have application level integration where its subscribers will be able to move money from the Telecash wallet to their banks accounts and vice versa. We got this impression from the screenshots of the Telecash platform menu that we gathered.
Without further ado, here’s the list of the banks. Of course we cannot confirm if all these will be ready to roll once the service is switched on, likely this week! The Telecel executive we asked to confirm this would not.
- CABS
- CBZ
- ZB Bank
- FBC Bank & FBC Building Society
- POSB
But that’s not all. Telecash, the menu says at least, will be directly integrated with ZimSwitch’s Shared Services platform.
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