• WorldRemit Stymied By Internet Shutdowns

    Due to the economic, cash and banking crisis a lot of Zimbabweans rely on remittances send back by their friends and relatives from the Diaspora. For the past three years or so, remittances from Zimbabweans living abroad have been averaging $1 billion in hard currency which we cannot afford to sneeze at given how much forex […]

  • Poor Marketing Taking A Toll On Zipcash’s Growth-Zipcash MD

    Finally, we got to understand why Zipcash has been quiet. According to Zipcash’s Managing director, Sifundo Moyo, the electronic money transfer service hasn’t been experiencing growth of late. Zipcash which graced the electronic transfer scene in 2013, replacing the redundant paper-based money order service, is said to owe its recent stunted growth to a lack of business […]

  • Steward Bank Introduces Dura, An FCA Account You Can Easily Open On Your Phone

    Steward Bank has built on the previous week’s momentum to add another feature on it’s *236# platform. This morning Steward Bank unveiled an instant foreign currency account, called The Dura Foreign Currency Account (Dura FCA). Just as how instant it is to open a bank account on the *236# platform, so is how easy it […]

  • Stop Being Fleeced Here Is How You Can Pay For DSTV Cheaply

    We can all agree that paying for DSTV is quite a hustle these days. The only bank that I know that was accepting bollars/zollars was Nedbank, but even they have since stopped. I guess after the Honourable Minister of Finance ordered banks to separate steak from the offals no one is buying the whole one […]

  • As We Mourn Kwese Here Are Some Products Econet Has Killed Over The Years

    So Kwese satellite TV is the service we all liked to hate but now miss terribly. As they say it only takes the rain to miss the sunshine. The thing though is that Kwese’s satellite is not alone when it comes to products and services the international giant Econet has ruthlessly excised. Here are some […]

  • You Can Transfer From FCA To RTGS But Not Vice Versa, So Says Ecobank

    Ecobank has a useful Q&A for clients regarding the recently announced separation of bank accounts into the so called ‘FCA Nostro and the FCA RTGS.’ I still grimace to think that J P Mangudya calls the RTGS account ‘FCA.’ Here’s Ecobank’s Q&A: Q: What is a Nostro FCA A: This is an account specifically opened […]

  • Full Mthuli Ncube Statement On Proposed Fiscal Reforms To Bring Zimbabwe Finances Under Control

    Below is statement by Zimbabwe’s Minister of Finance and Economic Development, Prof Mthuli Ncube: Introduction 1. The economy is showing signs of recovery albeit with a number of challenges and risks. Indications are that, the economy will grow by 6.3% against the original Budget projection of 4.5% and 4.8% estimated for 2017. With this projected […]

  • Steward Bank, Econet, Higher Life Foundation Collaborate To Fight Cholera Through Crowdfunding

    The last time we heard of Kanzatu-Nzatu was when we were reviewing their Square World app targeted at the diaspora. Now with the imminent Cholera epidemic that has struck Zimbabwe, Steward Bank took it as an opportunity to test their crowdfunding platform and get to find out if a crowdfunding culture exists in the county. […]

  • Herald Brings Their Newspaper Online; Will The ‘ePaper’ Be A Hit?

    Making money as an online publication is a very uncertain business and the world over it seems no one is yet to fully crack this code. Of course, some publications have made strides to figuring out what’s the best way to go about making their money online but in Africa the challenges of making a […]

  • Foreigner’s Perspective: Why Are Zimbabwean Startups Not Getting Funding?

    Benoit Daoglio is a cool guy from France. He recently finished his studies at McGill University in Canada and he decided to tour Africa. He embarked on a trip from Nairobi in Kenya to Capetown in South Africa passing through Tanzania, Zambia, Zimbabwe, Botswana talking to tech entrepreneurs, learning and blogging about it. We met […]

  • ZINARA Introduces Pre-paid Card For Use At Tollgates

    The Zimbabwe National Road Administration(ZINARA) is introducing a new Pre-paid card that will enable users to transact at toll gates in a quicker and more efficient manner. How do you get to pay? Every time a new service is introduced users are always crossing their fingers hoping that their preferred payment platforms are supported. The […]

  • Start the year on a high with these $10.99 Udemy courses

    An offer you cannot resist Currently Udemy is running a new year promotion that will allow you to enroll into any course for $10.99. Before I start rambling please know that for a limited time I am offering a select number of people the opportunity to pay for a Udemy course using Ecocash. Please check […]

  • Kwesé eStore to launch, allows subscription payments and decoder purchases online

    Kwesé TV is on an expansion drive and in line with that goal they seek to remove all hindrances to would-be customers joining the movement. They also want to bring convenience to those who have already joined the party. Enter Kwesé eStore, announced in a press release. The eStore coming to Zimbabwe has already been […]

  • Ecobank introduces Scan+Pay, a way for you to make payments much faster

    Ecobank recently announced that they’re launching a new service called Scan+Pay which will be available in 33 countries across Africa. Scan+Pay is a service that will allow you to scan a barcode image (QR code) using your smartphone so that you can pay for goods or send money to someone else. The service is the […]

  • Zimbabwe needs a solid technology ecosystem for startups to thrive

    Two years ago before we launched Rentalgrid in USA, we thought it could be a wise decision to launch in Zimbabwe first. Our initial idea was to help property owners in the Diaspora to manage their properties in Zimbabwe. It took us just 3 months to realize that Zimbabwe was not the place to do this. […]

  • Zimbabwe’s formal remittances for 2016 decline by 17% to US$780 million – Blame a weak Rand & informal routes

    In the 2017 national budget statement for Zimbabwe which was shared recently by the Minister of Finance Patrick Chinamasa, it was announced that formal remittances for 2016 are projected to amount to US$780 million which is a 17% decline from the US$935 million recorded in 2015. This is the first decline in remittances growth recorded […]

  • Econet’s EcoSure to re-launch as… EcoSure, but with more features

    Econet plans to re-launch its EcoSure product tomorrow morning in a launch we expect to be about introducing further product development that adds more value to the existing platform under a new theme “Come let us lighten your burden” from “Let us take away the burden”. Ecosure, which has been relatively out of the limelight […]

  • Growing remittances emerge as Zimbabwe’s FDI alternative – total $830 million in 1st half of 2016, expected to reach $1,5 billion by year end

    With dwindling foreign direct investment (FDI inflows fell by 23% between 2014 and 2015 from US$545 million to US$421 million), remittances are now the second largest form of capital inflows for Zimbabwe behind exports, emerging as Zimbabwe’s leading FDI alternative.

  • Telecash starts promoting its remittance partnership with Hello Paisa

    Despite the service’s huge potential Telecash has been rather quiet about the service without any major promotion for it – Until recently when it sent out SMSes encouraging people to receive money through Hello Paisa for collection from Telecash agents.

  • WorldRemit partners MTN Mobile Money for transfers to Rwanda, Uganda & Zambia

    WorldRemit, the global money transfer and remittances services company, together with MTN, the Pan-African telecoms concern, have announced that WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia.

  • Telecash-Mukuru remittance facility tweaked, subscribers to receive money instantly

    Unfortunately, the Telecash-Mukuru facility hadn’t been providing instant transfer of funds. Recipients had to wait for hours before the money reflected in their wallets. Now, Telecash and Mukuru have improved the system and once the money is sent it will be recieved instantly by the holder of the Telecash wallet.

  • It’s time startups started “importing” venture capitalists

    There is huge investment that is constantly being harvested from Zimbabweans living abroad. Tech startups can tap into this and they should be exploring some ways to do so. This would create a scenario where venture capital is essentially imported.

  • Understanding Econet as it prepares for the half year results. What does the future look like?

    Does Econet get the internet? Looking at the Tengai experience (it hasn’t been restored more than 2 months later), a strange EcoShopper product, and the long silence on ipidi you get a sense of how much Econet is prepared for business at this level.

  • Mukuru launches a remittance Storecard. Here’s how it differs from other remittances

    Mukuru, announced this week the launch of Storecard in partnership with Zimbabwean retailers Halsteds and Electrosales. Essentially, the recipient of the transfer will be able to ‘redeem’ products equal to the transfer value from these participating retailers. Mukuru says that they (and these retailers) are making the overall cost of the transaction cheaper by levying only 5% of the transfer. Regular […]

  • Kenya introduces bond trading via M-PESA, offers lesson to Zim govt

    Earlier this week it was reported that Kenyans will now be able to open Central Bank depository accounts from their phones using their mobile money accounts without visiting a bank or broker, and proceed to buy government paper. Can this be adopted in Zimbabwe as well?

  • A new startup, Bitmari, is launching a Bitcoin money remittance service

    We’ve seen some advocacy for Bitcoin locally as well, and now some people are starting to integrate Bitcoin with other common financial services. Take Bitmari for example. This is a new Bitcoin-based money remittance service for the Zimbabwe market.

  • E-commerce needs a payment API

    Lately, there has been a lot of noise over how classified sites could lead to a boom in e-commerce,yet online peer-to-peer marketplaces (classifieds) do not quite qualify as electronic commerce. The payment method is agreed upon between buyer and seller, and might as well be good old fashioned cash: the ‘place of commerce’ for those […]

  • WorldRemit & Econet partnership introduces mobile money remittances to Burundi

    WorldRemit, the online money transfer service which has been tapping into mobile money services, recently announced the introduction of Instant Mobile Money transfers to Burundi through a partnership with Econet Burundi.

  • New Mukuru-Mkesh partnership enables South Africa to Mozambique remittances

    Through a partnership with Mkesh, the mobile money service owned by Mozambican mobile operator Mcel, Mukuru users in South Africa can now send money straight into a Mkesh wallet.

  • Online funeral coordination platform Funeral.ly launched

    funeral.ly is a Zimbabwean online event management platform that allows one to manage a funeral it was recently launched online. It capitalises on the internet to provide a centralized method for disseminating information and coordinating funerals among family members, friends and colleagues

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