Techzim

Zimbabwe and regional technology news and updates

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Here’s how much your bank charges you to do a “bank to EcoCash wallet”

Here’s how much your bank charges you for a bank to a linked EcoCash wallet transaction.


EcoCash bank to wallet limits

EcoCash has, in a Facebook post, issued the spread of Bank to Wallet limits across all the commercial financial Institutions in ZImbabwe.


Uhuru WhatsApp Wallet offers remittance, cross-border payments & more

Uhuru Wallet is a WhatsApp-based remittance service that allows Zimbabweans living in SA to send money and pay for services for family back home.


Mobile Money in 2020: EcoCash vs RBZ, OneMoney on the rise? & Telecash

Mobile money in 2020 EcoCash’s never-ending battle with the RBZ, OneMoney nearing the million mark and the continuing decline of Telecash.


Technikari Ep 7: If ZIPIT Smart takes off, how could EcoCash innovate to remain relevant?

[Podcast] Technikari Episode 7: If ZIPIT Smart takes off in a big way in 2021, how can EcoCash innovate or change to remain relevant?


Techzim’s bank of the year – FBC Bank

There have been a number of innovative products and services from the banking sector in 2020 but FBC Bank delivered the most important ones.


Beware of investment scams operating via EcoCash

There has been a uptick in the number of investment scams that are operating via EcoCash.


Why can’t we convert airtime to money in an EcoCash wallet?

Airtime shouldn’t only be for calling and buying bundles. EcoCash and Econet Zimbabwe need to implement airtime conversion here as they did in Lesotho.


Cassava Smartech’s revenue fell by 34% for period ending 31/08/20

Cassava has released its financial statement for a six month period ending 31 August 2020 and the group’s revenue fell by 34% for the period under review.


You can now redeem your own EcoCash Rewards points

EcoCash has finally delivered because you can finally redeem your own EcoCash Rewards points.


Cassava responds as to why Steward Bank customers can’t send money to EcoCash directly (& vice versa)

Cassava has responded to our inquiry concerning Steward Bank Customers being unable to send money directly to EcoCash and vice versa.


No EcoCash option in the Steward Bank ZIPIT menu, Strange…

You can send money from Steward Bank to OneMoney or Telecash but you can’t send to EcoCash?


EcoCash rewards extended to remittances

Judging by social media posts as well as responses to the few articles Techzim has written about the EcoCash Rewards campaign, the promotion seems to be quite popular. The mobile money operator is now extending the loyalty programme to remittances into Zimbabwe. EcoCash is giving ‘a point’ for every USD2.00 that is received into the […]


Have the banks taken full advantage of the restrictions put on EcoCash?

From the national switch directive to transaction limits, have banks taken full advantage of the restrictions that have been imposed on EcoCash.


EcoCash system maintenance to disrupt bank to wallet services

EcoCash has announced a planned system maintenance that will disrupt wallet to bank services.


OneMoney & Telecash would do well to learn from EcoCash Rewards

OneMoney and Telecash haven’t yet shown that they are making moves to attract new customers since ZimSwitch became the national switch.


More details revealed regarding EcoCash rewards – Here’s what’s up for grabs

We wrote an article on EcoCash Rewards – a promotion by EcoCash that rewards the mobile money service’s users for transacting. Unfortunately, that piece was devoid of detail and as a follow up to some of the questions readers have asked in the comments section, I’ve decided to write a follow up. PS: For every […]


What you need to know to liquidate EcoCash Agent account

As we reported earlier EcoCash Agent funds that haven’t been liquidated are now subject to the 2% Tax. For any company or individual that hasn’t yet started the process, here are some of the things you’ll need to know and have to liquidate funds in your EcoCash Agent account. In a report by The Chronicle, […]


Banned EcoCash Agents lines will be subject to the 2% Tax

The RBZ’s monetary policy statement from a couple of months ago revealed that agent lines are banned because they no longer serve a purpose. This announcement wasn’t a surprise to many because it looked unlikely that agent lines would be restored. After the suspension of Agent lines, many who used them began the process of […]


RBZ says it will continuously review the 35K a week mobile money limit

The Reserve Bank of Zimbabwe (RBZ) released a statement that concerned the discussions and resolutions made by the Monetary Policy Committee (MPC) that took place on the 2nd of October 2020. One of the key aspects highlighted in the statement was the ZWL$35 000 a week mobile money limit that took effect last week. Mobile […]


EcoCash still under regulatory scrutiny according to POTRAZ boss

Yesterday we were greeted with the news that the ZWL$5000 EcoCash limit was being relaxed. Mobile money subscribers can now spend ZWL$35 000 a week which if they so choose, they can transact in a single day. There is however a caveat, transactions up to the weekly limit will be in batches of ZWL$5000. News […]


New ZW$35k limit for mobile money is a decent improvement – Here’s how RBZ and service providers can make it consumer-friendly

So yesterday, it was announced that the ZW$5000 daily limit for transacting has been lifted. In its place will be a ZW$35 000 weekly limit which you can exhaust in one day if you want. Whilst this is an improvement on what was in place there are still too many potential problems that could arise […]


EcoCash ZW$5,000 daily limit relaxed but new restriction added

Back in September a seriously prohibitive ZW$5000 daily limit was placed on EcoCash subscribers. The huge blow disincentivised people from using EcoCash since it meant one simply couldn’t make certain basic payments using the mobile money service. EcoCash and OneMoney have announced that the limit will be getting relaxed – from ZW$5000/day to ZW$35 000/week. […]


Cassava bemoans regulatory pressures placed on EcoCash in investor update

Cassava Smartech -EcoCash’s parent company- issued a trading update outlining the the first half of the year and what investors and the general public can expect going forward. In the update there are a number of interesting points to harp over and one of the key talking points will be the regression of EcoCash due […]


Here’s how much it costs to send money from EcoCash to OneMoney & vice versa

We have crossed the threshold of interoperability as per the directive that made ZimSwitch the national switch. This means that we can all send money from EcoCash to other mobile money wallets as well as bank accounts. There has been a lot of chatter about the charges that are associated with transferring money from EcoCash […]


ZimSwitch confirms completion of mobile money operator integration

The deadline for EcoCash and Mobile Money Operators (MMOs) to join ZimSwitch as the national switch was the 30th of September 2020. That deadline has passed and yesterday we learned that EcoCash had completed the integration. Transfers could now be done from EcoCash, for example, to other mobile wallets and bank accounts. ZimSwitch has, in […]


EcoCash announces new rewards program – Is this meant to soften the Zimswitch blow?

EcoCash is now integrated with the national switch (Zimswitch) as was mandated by the Reserve Bank earlier this year. A day after the integration with what used to be the mobile money service provider’s rival was announced, EcoCash has announced a rewards program that incentivises people to transact via the mobile money platform. EcoCash Rewards […]


EcoCash joins ZimSwitch, you can now send money from EcoCash to OneMoney and other accounts directly

Last month the RBZ’s Monetary Policy Statement revealed that the date for ZimSwitch becoming the National Switch was the 30th of September. That date was an extension for the previous date set which was the 15th of August. The initial date that was set was a little ambitious because the integration that the RBZ required […]


Mobile money subscriptions took a dip in Q2, this could be the start of a downward trend

The POTRAZ Sector Performance Report for the second quarter of 2020 revealed a dip in the number of active mobile money subscriptions. The figure recorded for Q2 2020 was 7 457 652 active subscribers across all mobile money platforms. This is a 2.8% decrease from the figure recorded in the first quarter which stood at […]


OneMoney added 337 000 subscribers in Q2 whilst other mobile money services struggled – What gives?

POTRAZ Q2 2020 report is out and whilst the mobile money industry generally took a big hit, NetOne seemed to do exceedingly well in the same period. EcoCash (the industry leader) and Telecash lost 7.6% and 34% of their subscribers respectively. In the same climate, one would assume that OneMoney would also be struggling but […]