Posted inConnectivity Mobile Money
Posted inConnectivity Mobile Money
EcoCash adds 200,000 more subscribers in a month (Growth stats since launch)
Less than a month ago, Econet announced that it had connected a million subscribers on its mobile money platform, Ecocash. Yesterday, a Twitter update by the CEO of Pattern Matched, Markus Schorn, revealed that Econet has since signed on an additional 200,000 subscribers to the mobile money service since the March
Posted inConnectivity Mobile Money
Econet announces it has reached more than 1 million connected EcoCash users
Econet Wireless, Zimbabwe’s largest telecoms firm, announced today that it has surpassed the 1 million mark in ‘connected’ users for its EcoCash mobile money service. The milestone, the company says in the announcement (a thank you to its subscribers), “has been achieved in record time and is the fastest growth of such a service in the world”
Posted inMiscellaneous Mobile Money
POSB launches ZimSwitch Mobile powered mobile banking service
Back in march when news first broke that ZimSwitch was working with Telecel to power mobile banking for local banks, the two banks that Telecel confirmed they were working with were CABS and POSB. CABS launched its mobile banking service (branded textacash) in September. As for POSB, ZimSwitch told us exactly month ago the bank was in “live pilot”.
Through adverts in the press today, POSB has announced that its mobile banking service is available to the public.
Posted inMobile Money
Press Release: Telecel and ZimSwitch team up to provide mobile banking
Telecel and ZimSwitch today (Thursday) announced that they had teamed up to enable banks to offer their customers an affordable and easy-to-use mobile banking facility that could change the face of banking in Zimbabwe.
Posted inConnectivity Mobile Money
So how much does it cost to use EcoCash?
On Friday last week, Econet launched EcoCash, a mobile money service that so far looks like a game changer. On the local market at least. The concept is a tried and tested one. M-PESA has worked phenomenally well in Kenya, and Econet has read the M-PESA story cover to cover. In fact it is its similarity to M-PESA that gives Econet the game changing potential it has with EcoCash.
Posted inMobile Money
The EcoCash launch event
Last night, we attended the official launch for Econet’s EcoCash mobile money service. Even though the event started some 40 minutes late, there was a series of polished presentations, the highlight being the Zimbabwe Reserve Bank Governor’s participation as guest of honour.
Posted inMobile Money
Mobile Moola, FBC’s ZimSwitch Ready mobile banking service launches
Last week, we posted that ZimSwitch was launching a mobile banking service called ZimSwitch Mobile and that it would start rolling out the service to banks before the end of September, with more banks following. Immediately after we posted that article, a reader sent us a tip that the service was already live at CABS.
Posted inMobile Money
Econet announces the launch of EcoCash
We’ve just received a press release from Econet PR announcing the launch of EcoCash, the mobile banking service. The release doesn’t disclose much about how the service will work. Just a bit more than what we found out yesterday; that a subscriber will not need a bank account and that the service is mobile network neutral.
New information in the release is that Econet has signed up some 500 EcoCash agents across the country, and that Zimpost,