Zimbabwe and regional technology news and updates

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EcoCash reaffirms its position as a licenced Bureau de Change

Straight from the horse’s mouth…

FNB has a simple solution to SMS One-Time Password (OTP) hacks

There is another way. Zim banks please take notes.

Dear ZIMSWITCH, make a ZIPIT gateway as an alternative to Vpayments.

It would be a payments “cure all”

Zimnat introduces decoder insurance

ZIMNAT wants you to keep your happiness.

C-Trade now allows traders to deposit using ZIPIT

thumbs up. however…

RBZ says fintech regulatory sandbox will be live on 1 March. What does that mean?

The Reserve Bank of Zimbabwe (RBZ), in the recently released Monetary Policy Statement, has announced the commencement date for the Fintech Regulatory Sandbox.

Offering civil servants pay-as-you-go smartphones, solar & loans, PremierCredit to receive US$650k investment

Zambian-based (also operates in Zimbabwe) microlending PremierCredit is set to receive US$650 000 from venture capital fund Enygma Ventures.

Zimbabwean banks should develop local WhatsApp based payment systems

WhatsApp is the internet in Zimbabwe, everyone uses it, that being said we need more local payment solutions through the app.

Zero data costs for Stanbic bank platforms, zero rating first

Stanbic Bank has today announced that their customers who use Econet to access internet services will not be charged to access the bank’s mobile app and other platforms. The services are now zero rated on the Econet network. The bank will be paying for the connectivity costs associated with usage of their platforms. Stanbic Bank […]

First Capital Bank card allowed transaction without PIN, very dangerous

A member of the Techzim community (who is a First Capital Bank customer) reached out to us saying that they were in town one day and were paying for their parking, as everyone does. When they used their card to swipe on the mobile Point of Sale (POS) machine the parking attendant was using, the […]

Mastercard launches Fintech Express in the Middle East and Africa

Mastercard has launched Fintech Express in the Middle East and Africa. The program is designed for emerging and established businesses under the fintech umbrella looking to add payment solutions or innovate through partnerships. The program aims to expand Mastercard’s partnership with fintech companies and to create a seamless process of bringing fintech enterprises into the […]

SA fintech Ozow launches zero-rate data payment apps

South African fintech company Ozow (formerly known as i-Pay) has launched two payments apps. One payment solution is a progressive web app that won’t require data and the other is an application that simplifies bank transfers. In what the company is calling the Ozow Revolution, they seek to make digital payments available to every South […]

ZimSwitch to launch new and improved ZIPIT Smart tomorrow

Last week, we wrote about ZIPIT Smart, a product we are excited to see enter the market. ZIPIT has announced that their new product will be launched tomorrow. ZIPIT Smart will allow merchants (retailers and business owners) to accept ZIPIT payments in a seamless and instant manner. Think of it as being similar to how […]

DFS Lab is looking to invest in founders building the future of digital commerce in Africa

We are living in unprecedented times. The coronavirus pandemic has brought on new problems as well as magnified existing ones in Africa. There are individuals and collectives out there working on some of these solutions but it is tough for entrepreneurs to get funding. This is where Digital Financial Services (DFS) Lab comes in. DFS […]

Video: Zipit Smart brings EcoCash features to your bank account

Zimswitch is about to give ZIPIT an upgrade and new features include merchant services as well as cardless transactions. In this video we get some 1st impressions of how it all works. Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash or OneMoney number: Buy Please dial our USSD code […]

Strive Masiyiwa announces imminent launch of Sasai Pay & Content Platform

Strive Masiyiwa took to his Facebook to announce that Sasai is launching a payment service in a week’s time. In his FB post, he talked about Sasai Pay in the context of consumers buying audio/video/music content online to solve the problems of piracy. In a post published yesterday, Econet Global’s Chairman announced that the platform […]

2% transaction tax is coming to USD transactions

It was a matter of time wasn’t it? The 2% tax levied on all electronic transactions by the government is such a cash cow, it is not going anywhere. The only direction we should expect it to go is upwards or sideways. Today, in his mid term budget review the minister of finance has extended […]

“ZANU PF commends gvt for allowing ‘EcoCash’ to be overseen by RBZ through Zimswitch”

The title of this article is a paraphrase of part of the statement issued by ZANU PF today commenting on the economy. Here is the actual excerpt: ZANU PF also wishes to commend government for the decision that it has taken to allow mobile money operators to be overseen by the Reserve Bank of Zimbabwe […]