Today EcoCash has collaborated with Mastercard to introduce a new payment service that enables EcoCash customers to make QR payments to merchants and billers through the EcoCash app. The payment service called Scan+Pay will allow EcoCash customers to scan a barcode image (QR code) through the Ecocash app (in their phone) so that they can pay for goods at the checkout point.
The Scan+Pay is enabled by Mastercard’s Masterpass QR, which is a secure payment solution system. The enablement of Masterpass Scan+Pay capability within the EcoCash app represents yet another important milestone in EcoCash’s digital payments journey.
Scan+Pay- Step by Step guide
- Launch the Ecocash application
- Go to Make Payments & select QR Pay Option
- Scan the merchant QR code displayed at merchant point-of-sale
- Enters the transaction amount to initiate payment
- Confirms the transaction with a PIN
- Receives instant confirmation of successful funds transfer
- Collects goods when the merchant receives payments notification
Surely, we are aware of the prevailing cash shortages and simultaneously the drive to be a cashless economy. Well for companies they are facilitating cashless payments from customers in the back of incurring exorbitant costs of acquiring and maintaining POS devices. But with the Scan+Pay companies invest so little in it than (they could spend) on POS devices. In a nutshell, the Scan+Pay is a threat to the existence of POS devices as it is a very cost-effective alternative.
For ordinary Ecocash customers, they should be happy because, with Scan+Pay they are saved from entering many USSD codes to make payments, rather they can just scan a QR code using the EcoCash app and make the payment in fewer steps.
Do you need an internet connection to use Scan+Pay?
No, you don’t need data bundles to use the Scan+Pay service. As it happens, the EcoCash app is Zero rated so it means you don’t need data bundles to use it.
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EcoCash is a mobile money transfer facility which is run by Econet Wireless Zimbabwe. The facility has grown in leaps and bounds since its inception and is arguably the largest mobile money transfer agent considering the huge sums of transactions that the platform is said... Read More About EcoCash