• EcoCash records increased revenue over its last half year, benefits from cash crisis, partnerships and increased transactions

    Econet recently announced its unaudited abridged financial results for the half year ended 31 August 2016. The main highlight of the report was the announcement of its decline in profits by 37.14%  attributed to a “tough operating environment” in Zimbabwe.  However, despite the fall in profits Econet’s mobile money service EcoCash continued to do well recording […]

  • Econet’s ambitious “financial inclusion” vision, online EcoCash web service soon?

    Earlier today we attended the launch of EcoSure’s Thwala Sonke product, an affordable life insurance policy that is now open to multiple beneficiaries. Of interest at the launch was the constant reminder/announcement of Econet’s “financial inclusion” vision for all Zimbabweans.With it, Econet looks to leverage the power of mobile transactions to drive their financial inclusion vision by offering […]

  • RBZ attempts to break informal diaspora remittances, offers money to everyone receiving money through registered channels

    Starting from the first of October 2016 this same export scheme will be extended to diaspora remittances. It has been set at 5% – with 2% being reserved for the money trasnfer agent and 3% reserved for the recipient.

  • An estimated $1 billion remitted from the diaspora to Zimbabwe through informal channels

    According to the RBZ, an estimated $1 billion in diaspora remittances entered Zimbabwe through informal channels in 2015.

  • EcoCash to launch remittances partnership with MTN Zambia

    According to an invitation that we’ve just received from the local mobile operator Econet Wireless, it will be launching a new remittance partnership between its mobile money service EcoCash and MTN Zambia’s MTN Mobile Money.

  • EcoCash and MoneyGram officially launch remittances partnership

    Earlier today, we attended the official launch of the partnership between EcoCash Diaspora and the global money transfer company, MoneyGram. The EcoCash and MoneyGram remittance option works in pretty much the same way as the other integrated remittance services such as WorldRemit, Western Union and Chitoro.

  • EcoCash South Africa launch three weeks away, over 60,000 agents signed on

    The EcoCash South Africa remittance service will be launched in less than 3 weeks. 200 customers will be signed up for the soft launch, and EcoCash has highlighted that it has been working with strategic partners for the training of agents and finalisation of other important details. Over 60,000 agents have been roped in for this through a partnership with PEP and its parent company.

  • UK based Bureau de Change Chitoro integrates with EcoCash

    Chitoro, an international money transfer agency based in the UK, has just announced that it recently connected EcoCash to its receiving channel for diaspora payments targeting Zimbabwe.

  • Forbes 30 under 30, Liquid VoIP, EcoCash, Twenty Third Century Systems: Podcast

    Here’s our weekly podcast which touched on the latest to happen in tech in the past week like the 2 Zimbabwean techies on Forbes Africa’s list, the new mobile operator that a local consortium wants to set up and EcoCash Diaspora in South Africa.

  • EcoCash gets nod to remit money from South Africa

    After more than eighteen months, Econet has finally secured the go-ahead from the South African authorities to start an EcoCash Diaspora remittances service from South Africa to Zimbabwe

  • Econet reactivates USSD long codes, fixes and updates its EcoCash app

    Just last month we were complaining about how Econet was dragging its feet in updating its EcoCash App which has been available on Android since March this year. The app had become ineffective because of the disabling of USSD long codes that run at the back of the app, powering every function selected.The good news is that […]

  • EcoCash, Western Union consummate remittances relationship

    Earlier today we attended the official launch of a partnership between EcoCash Diaspora and Western Union. The service which was already reflective on the EcoCash menu yesterday, had been on the cards for months now. Western Union is the latest remittances firm to partner with EcoCash after a similar arrangement was penned with WorldRemit earlier […]

  • EcoCash introducing service with Western Union, what can we expect?

    EcoCash, the mobile money arm of Econet Wireless, is set to launch a new service that allows Western Union money transfers to be made directly into a recipient’s EcoCash wallet. Western Union already has a similar web to mobile money transfer arrangement with network operators in and outside Africa such as Kenya’s Safaricom, Tigo from […]

  • Hand2Hand enables global (South Africa) credit card remittances to EcoCash wallets?

    You may have noticed increased visibility of a money remittance service called Hand2Hand. They are interesting in a couple of ways but mainly that they got access to what so far we thought was only accorded to WorldRemit only – they are able to send money directly from global credit cards via a website to EcoCash mobile […]

  • EcoCash now in excess of 4 million users. How is the international remittance service doing?

    A press release sent out by WorldRemit yesterday says that the EcoCash mobile money service in Zimbabwe now has more than 4 million subscribers, a number just shy of the 50% of the Econet Wireless total active sim cards on the market. This latest number was mentioned as part of WorldRemit’s announcement that just 3 months after launch, […]

  • An EcoCash parallel market for cross border remittances emerges in Botswana

    Last week, Econet launched EcoCash Diaspora, basically a means for Zimbabweans outside the country – and there are millions upon millions out there – to remit money back home to relatives. But EcoCash and WorldRemit’s arrangement has two major weakness. 1) it’s not available where most of these millions of people are are. The big relevant markets it’s […]

  • The official EcoCash API is live, but only for some developers

    The issue of the EcoCash API has been elusive. First, it was a rumour last year. EcoCash itself denied it officially, but those inside told us the company was indeed working on something, or at least had got some people to work on something to enable merchants to process payments online. Then came what appeared to be Econet’s own […]

  • Of the EcoCash Android App and the elusive API

    I am excited and disappointed at the news that EcoCash has finally released the EcoCash app. Excited because it was long overdue and this could be the much developer touted API. Much to my disappointed is the calibre of application they chose to release. The application is a simple UI onto which you capture all […]

  • Afrocoin launches in a few days. What do they bring to diaspora remittances?

    Remember the new international money transfer startup called Afrocoin that we wrote about back in June? Then, they were just a profile on Crunchbase and a few screenshots here and there promising the service would be live in a couple of months. They are here. Afrocoin is launching, tomorrow their website countdown says. The startup got […]

  • Econet warns customers of 12-day EcoCash service disruption

    Econet Zimbabwe just sent a message to its mobile money subscribers today warning warning of possible EcoCash service disruptions between yesterday (yes, if you’ve been having problems the past 24 hours, here’s your answer) and 30 September, a total of 12 days. This, according to the message, will be the result of an on going […]

  • Econet completes EcoCash mobile money integration with NMB Bank

    We just got tipped to the news that Econet Wireless – well, the Econet Services part of it – has completed the integration of its EcoCash platform with NMB Bank’s banking platform.

  • EcoCash international money transfers coming soon, starting with South Africa

    Econet Zimbabwe has finally announced that it will be launching a remittance service under EcoCash. The suggestions that they were working on a service to rival international remittance services using their mobile money infrastructure started as early as last year.

  • Afrocoin to compete with Mukuru, Western Union, EcoCash in remittances

    A new startup, Afrocoin Mobile Money, is set to launch in the coming months (or weeks,no idea right now) as a new player in the remittances and mobile money transfer market.

  • OK Zimbabwe and FNB launch SA diaspora mobile remittance service

    A press release today announced the launch of a mobile based remittance service by First National Bank (FNB) and OK Zim for people in South Africa to send money to Zimbabwe

  • Econet connects EcoCash to its banking company, TN Bank

    Yesterday, Econet published in an advert the announcement that the industry knew would come sooner or later. The mobile operator has now integrated EcoCash, its mobile money transfer service, to TN Bank, the bank it acquired earlier this year. The development means TN bank customers that use EcoCash will be able to transfer money from the bank accounts to their EcoCash wallets and vice versa.

  • More detail from Econet’s results (ARPU, EcoCash, Ecolife, Social…)

    As you may already know, Econet announced its full year audited financials yesterday. We posted a bit about it yesterday but there wasn’t much besides the impressive profit figures the telecoms firm continues to post. Today we have more details; information on the company’s plans this year, their operation challenges, what they are doing to overcome them, EcoCash uptake, Ecolife, Average revenue per user, their gratitude to POTRAZ and other such.

  • Econet Wireless and Mahindra Comviva scoop the “IoT Product/Service of the Year” award at the AfricaCom awards.

    Last week Techzim wrote about how three of our own companies; Liquid Telecom, ZOL and Econet Wireless had been nominated for the largest technology, telecoms and media event in Africa, AfricaCom’s awards ceremony. Let’s not mind the technicalities of that “our own companies” statement for now and just go with it, after all, it’s a good story […]

  • Econet, Liquid Telecom And ZOL Shortlisted For AfricaCom Awards 2017

    AfricaCom 2017, Africa’s largest technology, telecoms and media event, is right around the corner and with it, it brings an awards ceremony that will be part of the 3-day event. AfricaCom Awards aim to celebrate the achievements of the best companies, solutions, products and personalities improving connectivity and driving Africa. For the AfricaCom Awards 2017, 3 […]

  • Hello Paisa has just made it free to send money from South Africa to Zimbabwe

    Hello Paisa, the remittance service that caters for South Africa to Zimbabwe remittances has launched a three-month promotion offering a free transfer of money.

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