Techzim

Zimbabwe and regional technology news and updates

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Banks & Allied Workers Union Says Digital Banking & Harsh Economy Leading To Job Cuts

Zimbabwe Banks and Allied Workers Union (ZIBAWU) recently commented on the job cuts and branch closures affecting banks and workforces in the country. This comes on the back of CABS announcing they would close 4 branches later this year and First Capital reportedly planning to lay off close to 200 staffers. We checked on the […]


National Payments Systems Report For The Q3 2018 Now Out: Cashless Economy Indeed

The National Payments Systems report for the 3rd quarter of 2018 is now out and having taken a look at it here are some highlights: “Cashless economy” As expected cash payments dropped by 2% from the 2nd Of course they did; there’s no cash to begin with. The government has latched on to our lack […]


Here Is How Much Zimbabwean Banks Charge You For POS Transactions

Zimbabwe is now almost completely a cashless economy. The latest report on payment systems from the Reserve Bank of Zimbabwe revealed that cash was responsible for only 2.05% of all monetary transactions. This means we are now effecting 97.95% of all payments through electronic means – cards, internet and mobile. This did not come as […]


EcoCash Collaborates With Mastercard To Introduce The ‘Scan+Pay’ Service That Makes It Way Faster To Make Payments

Today EcoCash has collaborated with Mastercard to introduce a new payment service that enables EcoCash customers to make QR payments to merchants and billers through the EcoCash app. The payment service called Scan+Pay will allow EcoCash customers to scan a barcode image (QR code)  through the Ecocash app (in their phone) so that they can […]