Mozido, the parent company of rapidly expanding local mobile payments company, NettCash, just announced the opening of a continental HQ in South Africa. Here are the two interesting things we picked up from the announcement
How the resignation of Steward CEO, Kwanele Ngwenya, has been treated in the media and by sources inside the company itself is quite curious. At least 3 reputable media companies (The Source, Financial Express (email news so can’t link) and The Herald) reported since yesterday that Kwanele Ngwenya had been forced out of the bank apparently for corporate […]
We’ve confirmed via a number of sources that current EcoCash CEO, Cuthbert Tembedza, is leaving Econet Wireless. Tembedza is leaving Econet after about a year & a half and after leading the mobile money company through a period of tremendous success cementing EcoCash’s position as the undisputed leader in mobile money in Zimbabwe. We contacted Tembedza to learn more […]
We just attended the launch of Econet’s new EcoCash linked MasterCard card in Harare. A lot about the card is like what we wrote about yesterday. But there are a few things to add. First, Econet has named the product EcoCash Debit Card, essentially, the same name of the virtual debit card. We learnt today by the way […]
When we first posted the announcement of the EcoCash Tariff review by Econet a few days ago, we noted that small amounts, that is most value ranges below $50, had actually become more expensive, while the larger amounts are significantly cheaper.
Agribank has become the latest Zimbabwean bank to integrate with the EcoCash mobile money transfer system. The announcement was made today at a press conference jointly held by the bank and Econet Wireless today in Harare. The integration is basically the same as that which Econet has secured with 3 banks so far i.e. to allow EcoCash customers to transfer money between their Agribank account and their EcoCash wallet, and the ability to do that even when they are out of the country.
Just a week after announcing the hire of former FNB executive to head its newly acquired bank, Econet disclosed today (somewhat inadvertently) the hire of another banker, Cuthbert Tembedza, to fill a newly created position of EcoCash CEO.