Zimbabwe and regional technology news and updates

Huge remittances milestone for Africa as TerraPay gets SA license

A mobile payments and remittances startup called TerraPay may have achieved what could turn out to be a huge industry milestone in the remittances space in Africa. The startup announced today that it has secured a license from the Reserve Bank of South Africa to conduct low-value international money transfers in the country. It’s a big […]

EcoCash Diaspora partner WorldRemit partners with Huawei

You know WorldRemit as the remittance company which partnered with Ecocash to enable the sending of money straight into Ecocash wallets from anywhere in the world. WorldRemit is available in over 50 countries and 140+ destinations and thus brought the diaspora to EcoCash Diaspora. WorldRemit is an ambitious remittance company on the rise. It is […]

Is EcoCash discontinuing its Mastercard online payment service?

Since morning, some fliers indicating that EcoCash will be suspending EcoCash Mastercard online payments from the 16th of August until further notice have been circulating. We know fake news is a serious problem, especially now that we’re so gullible to it due to the fact that Zimbabwe has become uncomfortably unpredictable… especially wherever money is […]

Doing bank transfers on WhatsApp might solve these Zimbabwean problems

We recently talked about how a hidden feature within the latest beta version of WhatsApp was discovered by WABetaInfo. The discovery hints at payments within WhatsApp coming to the popular chat application. It will allow instant bank transfers through a Unified Payments Interface (UPI) transaction system. This system is similar to RTGS but according to my […]

USD cash payouts guaranteed for all remittances done through Cassava

Cassava remit, the remittances arm of Econet Global, recently announced that all EcoCash remittances done via their service will be payed out in USD. The service EcoCash home wallet was launched earlier this year in the UK with the aim of helping someone there to be able to pay for bills and/or services in Zimbabwe. Before, […]

Cloning, Counterfeiting and Fraud in digital payments – what to know to stay safe

The second topic being discussed at the Mobile money and Digital payments conference at Meikles hotel is discussing Cloning, Counterfeiting and Fraud in mobile money and digital payments. The discussion was kick started by a presentation from Jaqueline Malaba, the business development manager at Visa Card. Her discussion touched on how digital payments are more […]

​EcoCash reduces monthly limits for its debit card

Whenever asked the sequence in which one would prefer hearing news, it’s always bad then good. Not so with EcoCash, they first sent out the good news of slashed transaction tariffs and now the bad news of slashing their debit card’s international transaction limits (now this type of slashing, we don’t like). Initially, the international […]

Ecocash controls over 90% of mobile money transactions

It is accurate to say that Ecocash has a monopoly on the mobile money market with more than 90% of all mobile money transactions happening on the Econet platform. These statistics were shared by Mr Chinoda of the Competition and Tariff Commission speaking at the Mobile Money and Digital Payment Conference. The Minister of ICT, […]

Why “Zimbabwe will never deal with cash shortages” – Supa Mandiwanzira

ICT Minister Supa Mandiwanzira gave his opening remarks of the Mobile money and digital payments conference that is happening today at Meikles Hotel. Before he started the official speech, he first passed a comment to the discussion that was held before his arrival. The discussion was on “Regulating Bank Charges and Mobile Money Tariffs – […]

Is there a cartel forming in the financial services sector?

Speaking on regulating bank charges and mobile money tariffs, Mr D. Chinoda of the Competition and Tariff Commission first elaborated on the cash crisis in Zimbabwe giving possible reasons for it. He acknowledged the huge appetite for imports and underfunded nostros being some of the major reasons. With the cash crisis undeniable people have had […]

Will the reduced tariffs affect Ecocash usage?

Price slash is always great news to any consumer, particularly if it’s a product that they use often. Likewise, there were celebrations yesterday as Econet made its mobile money tariff reduction announcement that would affect the millions of Zimbabweans that use EcoCash both as subscribed and non-subscribed customers. However instead of just celebrating, most couldn’t […]

EcoCash tariffs reduced effective 1 August 2017

EcoCash Tariffs have been reduced. The changes will be effective from today 1 August 2017. Here are the details of the new tariffs in the image below. 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 […]

Mobile transactions: the way to go.

So I received a text from my bank, telling me how I could buy ZESA tokens using their USSD code.  Wait, that’s not the catch because obviously you already know that. What interests me is the fact that 10 or so years back, who ever thought we’d be doing so much on our mobile devices? […]

More men than women shop online in Zimbabwe – Lessons from #BroadbandEconomy Conference

The Broadband Economy Conference was held on 20 July 2017 at Sango Conference Centre, Cresta Lodge, Harare. Business leaders from different industries were in one room discussing how we can start leveraging the Internet for business growth. The 4th panel of leaders to speak were discussing E-commerce in Zimbabwe and here are some of the […]

1 in every 2 Econet subscribers is active on EcoCash

Wherever you are, 1 out of every 2 active Econet subscribers is active on EcoCash. I spent some time going through the telecommunications report from POTRAZ for the first quarter of this year. The data presented in that document led me to that conclusion and here’s how I got there. In the last quarter of […]

Cash crisis reduces mobile money transactions and subscribers

The latest performance report from POTRAZ has revealed that mobile money transactions have had a general decline during the first quarter of 2017 since last year. The total number of active subscribers has also declined by 1.6% from  3,303,188 recorded in the fourth quarter of 2016 to 3,251,784 recorded the first quarter of 2017. For a subscriber […]

Press Release: EcoCash integrates with Zinara for mobile money payments at tollgates

Zimbabwe’s leading telecommunications and Technology Company Econet Wireless and the Zimbabwe National Road Administration (Zinara) today announced a partnership that will see tollgates linking directly with customers’ EcoCash wallets. In a first of its kind in Zimbabwe, all EcoCash registered customers will now be able to link their vehicles with their mobile money wallets, load their EcoCash toll […]

The EcoCash ecosystem numbers update (June 2017)

Nathalie Jabangwe Morris, EcoCash Zimbabwe General Manager Today, at the announcement of the EcoCash and ZINARA tollgate integration, EcoCash Zimbabwe General Manager, Nathalie Jabangwe, noted some new milestone figures of the EcoCash ecosystem. The last time we posted these was in July 2016. 27,000 Merchants – This is up from 20,000 merchants last year. The 35% […]

Here’s a list of fintech companies operating in Zimbabwe

If you’re in need of some financial services or just wondering how many fintech companies are operating in Zimbabwe, here is a list of them. Please let us know if we missed any company and we will add it to the list. Paynow A secure online payments platform that allows you to pay for various […]

Not Everything that Glitters is Gold: A Dissenting Opinion on Bitcoin

Whenever a new miracle technology is breathlessly praised, I pay attention and keep my cynicism handy. There have been a number of pro-Bitcoin articles on TechZim lately,  please allow me to share my dissenting opinion. Some of the financial advice (implicit or explicit) seemed downright dangerous. A couple of disclaimers I need to get out of […]

Bitcoin at record price as it crosses $1,900 mark. Zimbabwe price already above $2,000

If you’ve heard anything about bitcoin the past couple of weeks, it’s probably been along the lines of: In 2010, if you had $10,000 to invest and you put it all in gold, today your gold would be worth $9,981. But if you’d invested it in bitcoins, you’d have US $200 million worth. It’s a bitcoin price growth example […]