The question might sound strange because EcoCash is pretty an institution when it comes to payments in Zimbabwe. However, when it comes to issues like the cost of transactions, OneMoney and Telecash are far more reasonable than EcoCash.
Furthermore, interoperability ushering in a new age in Zimbabwe. We thought that the public would dabble with the other mobile money operators. However, from POTRAZ’s reports, it looks like OneMoney (we will say nothing of Telecash) is not gaining ground on EcoCash as fast as we thought.
|Q3 2020||Q4 2020||Difference|
|EcoCash||5 425 148||5 553 981||1.9%|
|OneMoney||854 320||936 476||9.6%|
|Telecash||19 198||5 222||-72.8%|
|Total||6 325 666||6 495 682||2.7%|
Maybe that’s because many are now transacting out of their bank accounts to go around the ZWL$35 000 a week limit. Or that people are just content with EcoCash as a service and prefer the devil they know…
This among many other things is something that we thought we should have a conversation about to gauge our stance on this new era of payments in Zimbabwe. You can play or download the podcast with the link below:
Technikari on popular podcast sites & apps
You should also check out
Zimswitch has become the focal point of the national payments system even more after it assumed the role as the nation switch. But why is company prioritising USD payments over local currency payments in this era of e-commerce?
We had a conversation with Aidan Gamble from Inclusive Access Zimbabwe about the digital divide that exists for people with disabilities in the country.