A few weeks ago I received a message in my personal inbox from MasterCard. The impression I got was that they were killing Masterpass service. Turns out I was totally wrong and MasterCard have been in touch to clarify certain things to me. Masterpass is only pulling the official separate Masterpass app which they say […]
This post has been coming for the past year, as the goal posts have been continually changing. One minute your card can make online payments for $5,500, the next it’s reduced to $1,100 and before you can say “bond notes” it’s reduced further to $500. While it will go on to change a bit eventually being […]
EcoCash, the country’s largest mobile money owned by Econet Zimbabwe has announced another reduction of its monthly transaction limit for its MasterCard Debit card. Cardholders can now only transact for up to US$400 per month. This limit is split, with US$200 set for ATM cashouts and US$200 for POS (point of sale) transactions and virtual […]
Almost everyday I get a question, whether in my inbox or verbal, from someone wanting to know about making online payments. Whilst being at Techzim I’ve made thousands of dollars in payments during the ‘cash crisis’ so I think I’m in a position to advise a thing or two in this area. As such, instead of […]
EcoCash will no longer be supporting payments for pay TV service DStv starting from the 1st of January 2017. Considering how widespread EcoCash is (it’s the most widespread e-payment channel in Zimbabwe) this is going clearly to affect a lot of subscribers. It doesn’t mean you have to go to the bank straight away, though. […]
EcoCash has reduced the monthly transaction limit for its MasterCard from US$5,000 to $1,100. This change was put into effect on the 10th of October 2016.
Mahindra Comviva, the tech financial services vendor and Econet’s technical partner which ran point on the introduction of EcoCash recently produced a video showcasing EcoCash’s role in financial services. EcoCash is powered by the Mobiquity Money platform which is provided by Mahindra Comviva.
Here’s a run through some of the things you need to access Netflix in Zimbabwe.
News coming out of Barcelona at the Mobile World Congress is that MasterCard, the global payments solutions provider has announced a partnership with Steward Bank, a local financial institution. This facility has been enabled through HomeSend, an international money transfer unit that has been carrying out the same services in other markets around the world […]
I still think that one of the best things to come from EcoCash is their EcoCash app. Although launched for Android only, after a bit of controversy around a previous version from another developer, it makes transacting easier and faster. In the absence of USSD long codes and cards like the EcoCash Tap and Go […]
A few weeks ago we stumbled upon an EcoCash card payment system that was being used at an eatery in Harare. The system, which was under some form of stealth test phase, turned out to be powered by Near Field Communication (NFC) technology, as users simply tapped the cards against a merchant device. Today we […]
Here’s something interesting that I spotted while paying for lunch at an eatery in Harare – the cashier was handling payments through a card based system that works through a tapping mechanism. No, it wasn’t the EcoCash Mastercard or telecash Goldcard. It turns out its an NFC enabled “tap and go” system that works with cards […]
Last week Econet Wireless held its annual general meeting which gave the company’s management an opportunity to address shareholders on issues related to revenue, profitability and the outlook for the next financial year. It has been reported that the network operator’s Chief Executive, Douglas Mboweni highlighted that they would not engage in all out tariff […]
In this is latest edition of the Techzim podcast we discuss the issues surrounding Econet and ZIMRA as well as the one month free Twitter promo from Econet. We also look at EcoCash’s MasterCard Debit Card, the $1 levy for street and airtime vendors being mulled by government, Facebook on USSD as well as BeForward selling […]
There’s the sweet smell of a telecoms turf war in the air once again. This time its mobile money related, proving how the focus for dominance in telecoms is less and less about traditional services like voice communication. With mobile money as a focal point for revenue growth, Econet and Telecel (anyone seen One Wallet?) […]