Users banking with StanChart are now able to link their bank account to their EcoCash account.
Until recently the wallets which could link with StanChart was OneMoney and Telecash which is quite surprising considering the fact that EcoCash is used by way more people than OneMoney and Telecash respectively. Anyway, StanChart is now fixing that. StanChart customers can now link their bank account to their mobile money wallet.
This move now allows users who are banking with StanChart to transfer funds from their bank to their EcoCash wallet and vice-versa.
With this move, EcoCash is now linked to 11 banks. You would naturally think they have the most partnerships but Telecash is actually linked to more banks as it is currently partnered with 13 banks.
The cash crisis has made these partnerships much more important as people no longer have easy access to cash and have become more reliant on mobile money services to make purchases. The move will no doubt make it easier to deal with the cash shortages that have been pummeling the country over the past several months.