MyCash has a new feature called Send2Cell that allows its users to send money to any mobile number using MyCash wallet. Users can send up to RTGS $1000 to their loved one who has either Netone, Econet and Telecel.
Wait! Of course, there’s the crowd favourite, EcoCash which you can already use to send money to any number but what makes Send2Cell steal the show is that it charges you a flat fee of 35 cents (excluding of the 2% tax) to send any amount of money (up to $1000). Whereas EcoCash fees increase as you transfer or send more money. For instance, the fees that Ecocash charges can run as high as $13.31 (excluding 2% tax) for sending RTGS $500 but with Send2Cell you will be charged just 35 cents (excluding 2% tax). Apparently, Send2Cell is ridiculously cheap.
Send And Receive
The money you’d want to send can be loaded in MyCash wallet using your bank account or a cash deposit at their red-branded Kiosks. And guess what? You can register for yourself to have a MyCash Wallet- it’s just a matter of dialling *212#. Just like how EcoCash gives you an option to withdraw the money as cash (cash out) so can you cash out the money received from a MyCash Send2Cell user, provided the cash is available at their Kiosks.
How to access it?
Nothing’s changed when it comes to accessing MyCash services. You can send money using Send2Cell by accessing MyCash’s USSD (*212#) menu or through their mobile app on play store.
How it works
You don’t necessarily need to be registered on MyCash to receive money from its existing user. An existing MyCash user simply sends you money and you get notified via text and you then get to register for the MyCash Wallet to ‘cash out’ or to start using the money you would have received. As MyCash puts it:
The MyCash sender selects Send2Cell on the main menu, enters the recipient’s mobile number, amount and sends funds. The recipient receives funds instantly and is notified through an automated SMS with instructions on how to redeem and start using the funds by registering on the Wallet. Once registered the receiver has access to the MyCash Wallet suite of services.
Yes, the convenience of having to send to any mobile number (Send2Cell) is certainly a drawcard for MyCash. But the 35 cents flat fee is even a huge selling point which I think will win the hearts of many people to come onboard. Ideally, anyone would choose to be charged just 35 cent’s (and the abominable 2% Mthuli tax) to send $ 500 than to pay the absurd fees EcoCash, OneMoney and Telecash charge us.
MyCash only needs its existing account holders to start using Send2Cell to send money to non-account holders so that more people migrate to its platform. MyCash is certainly leveraging on its existing customer base to make this thing work.
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16 comments
This would be a great move to Disrupt the Ecocash Monopoly.
I’ve been using mycash for a year before the 2% came in…. It became expensive to transfer to any card for that matter… But while I was on it… It worked beautifully… I’ve always thought why there not more users before obtusely for like a year mycash to mycash transfers were free and instant… Ask you needed
Was the other guys number who was also on my cash….I got for my whole family and we used to transfer money to our card for free plus paying bills was a dream… The zesa platform is really good
.. Maybe it’s fine to come
Back
Do they have agents in rural and remote area …. That the thing they have to adress at the moment. Wher to cash out
Wow, very exciting, finally someone who can take on Ecocash! I am going to tell everybody about this new cheap service. Well done Mycash!
MyCash l see you…… the underdog! I have been using this card for a few years now, you always come through when it comes to meeting the masses needs – cheap, reliable financial solutions…. Kudos to this new service that has come at a time when every CENT counts!
MyCash best of both worlds!
oooooh waaal MyCash has now made life more Easier for us .I am excited because this is the first time that a financial institution can be more than a commercial bank …Zimbabwe is being revived with MyCash , surely MyCash is the best of both worlds.
Well done MyCash. This is transformational leadership we want in the mobile money space.
Wooow this is really good on the 35cents thresshold on fees…Great innovation
This is awesome l am so excited go go go Mycash go sky is the limit
Yes it will work and it will Work.*212# has been my magic number for years.MyCash you are too much-ooo,you are money saver,life giver…35c to send 1000 that insanely cheap plus $1 zipit charge eeeeyi.I dont think i would want cash any more.MyCash best of Both Worlds indeed.Bank and Wallet pfeee.
You do not accommodate everyone that’s your problem… Think about people in rural areas and remote areas like Binga, Gokwe etc even though, you made our lives much easier. MyCash MyWallet go go go
when the going is tough out there, it has to be my cash to the rescue. what a wiser and friendly way of saving money. I am in love with the motto “every cent counts with my cash. Its the best of both worlds indeed. no bank account no problem….your wallet will do the talking
I think there’s new blood at MyCash, or at their technical partners. It’s been around for soooooooooo long, pretty much as “just another wallet”. At least now I see some sort of benefit. Hopefully, it’s not a ploy to lure customers then switch up the fees later.
can someone explain to me just heard this noise of mycash this and that what is it exactly
saw them cleaning up 4th street
the next thing at the cultural thing
the next thing send to cell
This is a welcome development. At someone who can pass the low cost benefit of technology to the people. I hope you MyCash will expedite their rural outreach for that is where more financial inclusion in the form of mobile banking is much more needed. Otherwise well done.