Zimbabwe and regional technology news and updates

Social Networks Like Facebook May Lend Legitimacy To Cryptocurrency Market, Says GlobalData

Despite hogging headlines everyday the cryptocurrency market is yet to make much progress towards becoming a mainstream currency. However, the foray of social networks/messaging providers may give some legitimacy to this market, says leading data and analytics company GlobalData. With subscriber growth and active users continuing to be a cornerstone of monetization, social networks/messaging providers […]

Bitcoin Drops To Less Than $6,000 After Highs Of $20,000. Why?

We will remember 2017 as the year of the cryptocurrencies. In that year, especially in the last quarter, Bitcoin and the other virtual currencies saw exponential growth unlike anything that had ever been seen before. In the fourth quarter of 2017 Bitcoin grew by almost 500% internationally, the price of one Bitcoin rising from $4000 […]

No EcoCash Transaction Can Complete Without A PIN

In times like these you wonder, ‘what’s the point of social media?’ It is the convenience and cost savings we seek out but the package seems to come tied in with those who delight in causing panic. Like the joker, some people just want to watch the world burn. For most who read the ‘news’ […]

Can Someone Reset Your EcoCash Pin Without Knowing Your Old One?

Issues that have to do with money have always been sensitive. People quickly panic whenever they figure out that their money is at risk, this is why institutions that deal with money (at whatever level) are ever under scrutiny. As such, EcoCash is one of those… This morning I got a call from a friend […]

StanChart Customers Might Need To Start Looking The OneMoney Direction Over EcoCash

Recently, I got a tip from a Standard Chartered Bank user who pointed out that Swipe Into EcoCash was not working for them and actually hadn’t been for a while. Interestingly, this comes at a time when Standard Chartered Bank now has a direct link to OneMoney. Let’s backtrack a bit… So there’s always been […]

Ripple Joins Forces with Major Banks to Provide Cross-Border Payments

Cryptocurrency powerhouse Ripple, is joining forces with major banks to provide cross-border payments. The tech company has had a pretty rocky start to the year after seeing its prices drop, similar to Bitcoin. However, its cross-border payments plans could be just what the company needs to turn things around. Current international payments system classed as […]

Steward Bank Launches Kwenga, A Portable POS Machine For The Masses

Steward Bank seems to be getting it. Banking is not banking if it excludes the majority. The battle cry in Zimbabwe has been ‘financial inclusion for everyone.’ If you are to include everyone you have to first understand what everyone is doing and develop products specifically for them. That’s what Kwenga does. Zimbabwe is going […]

Stripe, One Of The Biggest Payment Platforms To No Longer Accept Bitcoin. What Does That Mean For Us?

No doubt that over the last few months, Bitcoin (or cryptos really) has become very controversial. Just like on any normal distribution curve there’s always those that lie on the extremes, be it to the right or the left. However in this case both the extremists do agree on one thing, they both agree that […]

Is The Advertising Model On Websites About To Be Replaced By In-Browser Mining?

You might have heard that some hackers are hijacking computers (smartphones included) and using them to mine cryptocurrencies like Bitcoin secretly. This has been termed cryptojacking and Opera has added ‘cryptocurrency mining protection’ to both its mobile browsers, Opera for Android and Opera Mini. This protection is active by default when a user has the […]

Why Did Bitcoin Fall By 50% And Is It Proof The Bubble Has Burst?

Since its introduction in 2009 bitcoin has rallied on to defy analysts’ expectations who have been preaching of its demise right from the beginning. Bitcoin actually inspired other cryptocurrencies which also went on to thrive, much to the confusion of financial experts. Bitcoin growth The naysayers were present from the beginning but not many of […]

Govt Says There Are No Plans To Phase Out Bond Notes Or To Scrap Multi-Currency System

You might have heard the reports (Sunday Mail) that the government was mulling phasing out our beloved bond notes. It was also reported that the multi-currency system will be scrapped soon. The Minister of Finance and Economic Planning, Patrick Chinamasa has released a statement addressing those matters. PRESS STATEMENT ON DE – DOLLARISATION We refer to […]

Golix To Be First Zim Company To Raise Money Through An ICO

If you have been following bitcoin news then you have no doubt heard about Golix. When news spread that bitcoin was trading at a premium in Zimbabwe reference was made to Golix, the platform where the bitcoin trade was and is happening. Golix however is more than just a bitcoin exchange, it is a cryptocurrency exchange […]

You Want To Freelance For Steward Bank But Need To Know More? Here’s More…

So the first time we wrote about collaborating with Steward Bank we described a bit about the bank. Needed to just give you a better feel of what they are about so you can better decide if that’s what you’re interested in. Last time we discussed who exactly they are looking for. Today, I will try […]

Bitcoin Bubble Burst, a way to keep yourself up to speed with Bitcoin performance…

Bitcoin (or its technology) is the new sensation on the block. Well, not so new since it’s been around since 2009 but until 2015/16 it didn’t have as much traction or attention as it has now. In Zimbabwe, 2017’s cash crisis, bond notes et al., are what made most people look its way. Now, Bitcoin (BTC) […]

Bitcoin has been trading at a 100% premium in Zimbabwe, will it continue to do so if things change after the military takeover?

Recently, the number one issue which made journalists from outside Zimbabwe call Techzim for a comment has been Bitcoin. Why? Bitcoin was (and still is) trading at a premium in Zimbabwe. On Tuesday the 14th of November 2017 the rate of Bitcoin against the USD in Zimbabwe was almost twice that of the international rate. […]

$11 Billion Processed On Mobile Platforms In Nine Months

Okay, we knew Zimbabwe went mobile when it comes to processing payments but $11 billion? In the time it takes for a child to be born? That is impressive. The figures come from the Reserve Bank of Zimbabwe (RBZ) and relate to the nine months from January to September 2017. In that time 485 million […]

How effective an innovation is Swipe into EcoCash???

Innovation is always a good thing, even better when it addresses the real problems on the ground (not sure though if something is still worth being called an innovation if it doesn’t). Anyway, EcoCash recently launched its latest innovation, Swipe into EcoCash. The innovation has so far been met with different responses though most seem to […]

[Video] NetOne switches to Mpesa platform to resurrect their mobile money platform OneMoney

OneMoney is running on the biggest mobile money platform Mpesa in a bid to redeem themselves from the misfire of OneWallet. Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash or OneMoney number: Buy Please dial our USSD code *405# on your phone to buy airtime because this page will […]

[Video] “OneWallet was a disgrace. We lost $6 million dollars” says Zim government

OneWallet which was NetOne’s first attempt at a mobile money solution used up $6 million to set up and only recovered $51 000 during its operation. Zim ICT Minister Supa Mandiwanzira disclosed this during a rebranding of the mobile money service yesterday. The minister said that the OneWallet project was a disgrace to the public […]

[Video] Here’s how Swipe to EcoCash works

A live demo displaying how you can swipe money from a bank card via a POS machine directly into your EcoCash wallet. Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash or OneMoney number: Buy Please dial our USSD code *405# on your phone to buy airtime because this page […]

Questions you might have on the new ‘Swipe Into EcoCash’ service answered.

Earlier on,Techzim wrote an article on the new service EcoCash launched this morning called the Swipe into EcoCash. You probably have a number of questions around the product and EcoCash has attempted to answer them below. We would have loved to call them Frequently Answered Questions (FAQs) but well… Anyway, QUESTION 1. Can I swipe […]

Now you can swipe money from any bank into your EcoCash account.

Are you one of those who’s been inconvenienced because your bank hasn’t integrated with EcoCash (or it’s EcoCash that hasn’t integrated with your bank)? Well, no more worries. EcoCash, today unveiled a new product to address that. So instead of integrating with banks, EcoCash has decided to integrate with Zimswitch… smart huh? (Well, not really […]

See the status of banks on ZIPIT, send and receive status, USSD codes and more

Let us start with an assumption that we all are familiar with ZIPIT now, the interbank transfer processor. With the ongoing cash crisis Zimbabwe is facing ZIPIT has grown in importance. The interbank processor connects 20 banks and allows any mobile registered user on any network to send money from their bank account to another […]

How to set up a Bitcoin wallet for personal use

The last time Techzim wrote about Bitcoin basics, we got a request from Intrigued asking for a follow up article on ‘how to set up Bitcoin for personal use’. The best way way I figured to attack this is by talking about Bitcoin wallets and most importantly how to set it up. We briefly talked […]

Where does Bitcoin get it’s value? Bitcoin 101 Ep2

We look at how bitcoin obtains its value. We talk about its capabilities of anonymous transacting as well as transparency of its circulation. Also in the mix is the benefits of decentralizing it which makes it almost impossible for one person to determine its value. Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: […]

How did an EcoCash agent steal over $12000, are new security measures needed?

Tafadzwa Taziveyi was (is?) an EcoCash agent in Hwange who worked (works?) from Shanduka Econet shop. Tafadzwa is 23 years old and as all young adults probably feel, he felt he could do with a little more money in his life. He decided the law was a hindrance and found himself a friend who felt […]

Bitcoin basics: From layman to layman

Quick question: what are your greatest fears on cryptocurrencies, Bitcoin to be precise? Maybe we can start there, but before that let’s go through 1 or 2 things together shall we? I know we’ve written a number of articles on Bitcoin here on Techzim, but whenever we do there’s always a comment from someone asking […]

How To Pay For Tollgate Fees Using EcoCash

EcoCash recently partnered with Zimbabwe National Road Administration (ZINARA) to allow you to make payments for tollgate fees using the popular mobile money platform, EcoCash. The payment method is now available at all tollgates across Zimbabwe. So if you’d like to start paying for tollgates using EcoCash, you might be wondering how to do it, […]

CABS Mobile Banking Goes Offline, Throws Blame on Econet

The mobile banking of CABS Bank went offline today and people were not able to use the mobile banking platform to make transactions. CABS has sent out a notice to people who use the bank notifying them that the technical challenges that the mobile banking platform is facing are not their fault. CABS attributes the […]

Are Zimbabweans ready for exclusive internet banking?

So three banks have gone exclusive with internet banking or mobile banking when it comes to processing RTGS and internal transfers. First, it was NMB when they switched to just internet and mobile banking then ZB Bank followed along in early September and for them, transfers are now only done through internet banking. Recently, Steward […]