Techzim

Zimbabwe and regional technology news and updates

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FBC bank has increased Civil Servant loan limits

FBC Bank announced in a tweet that it has revised local currency loan limits and terms. Customer Notice: Increase in short term loan limits. pic.twitter.com/6sMlprSytj — FBC Holdings Limited (@FBCHoldings) September 16, 2021 “We are pleased to advise of an upward review of personal salary-based loans limits for civil servants and approved Deduct At Source […]


FBC Bank increases daily debit card swipe limits

FBC Bank has, in a tweet, announced that the daily limit for debit card swipe transactions has been increased. Good news: Swipe limits have been increased! Now you can swipe for much more with your local FBC debit cards. Go ahead and transact today!#YouMatterMost pic.twitter.com/IATwpWpasV — FBC Holdings Limited (@FBCHoldings) September 9, 2021 Old Limit […]


Ecobank account-holders worry as the bank says it will be backdating collection of 2% tax

It has been almost three years since Finance Minister Mthuli Ncube introduced his much-hated 2% tax. It’s still not clear why the tax was introduced, so many reasons have been given, but it is now an accepted fact of our lives. Sometimes something outrageous concerning the tax happens however and people are forced to question […]


FBC POS, card, USSD, internet banking and call centre are all down

FBC holdings has said in a tweet that it is facing challenges with a number of its banking platforms: Customer Notice. pic.twitter.com/lTn9t8vmGg — FBC Holdings Limited (@FBCHoldings) June 25, 2021 Dear Valued Customer We advise that you may experience intermittent service on the following digital channels due to a technical challenge 1. Card based transactions […]


FBC becomes the 7th entry in the banking zero-rate revolution

FBC Holdings Zimbabwe has become the latest entry into the zero-rate revolution. The group’s customers will no longer need to have data to access the following FBC Bank/Holdings platforms: Mobile Moola FBC Internet Banking OBDX Zipit Smart/ Mobile Moola Merchant FBC Health Mastercard Prepaid Card app FBC yakO!Agent Portal (Insurance) and the customer yakO! app […]


FBC Mastercard services to be temporarily down

Hope you paid for you Netflix in advance


FBC launches Mastercard Tap ‘n’ Go cards and POS machines

Contactless cards and POS machines might soon become commonplace


FBC Bank sheds more light on its send-to-cell service

FBC Bank has given us more information about it’s send send-to-cell service. The new details reveal that they have done one better than CABS.


FBC and NMB are shutting down their old bank apps

FBC Bank and NMB have both announced that the old versions of their bank apps will be discontinued from the 31st of January 2021 onwards.


Liquid Telecom “fibre link challenge” was the cause of bank USSD outage

The Bank USSD service outage faced by some Econet customers this afternoon was down to a Liquid Telecom fibre link challenge.


FBC Bank *220# USSD services down for Econet subscribers

FBC Bank has announced in a statement that the *220# USSD code is down for Econet subscribers.


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.


FBC registers ZWL6.3 billion total income for Q3 2020

FBC Holdings has released a trading update for Q3 2020 and despite the economic situation in Zimbabwe the Group recorded ZWL$6.3 billion in total income


FBC launches dedicated Foreign Currency Exchange Centre

FBC Bank has, in a statement, announced the launch of a dedicated Foreign Currency Exchange Centre. The Forex centre will be housed at FBC’s number 76 Samora Machel Avenue branch. Customers will be able to do the following at the FBC Bank Foreign Exchange Currency Center: Prepaid Mastercard deposits Prepaid Mastercard de-loads Prepaid Mastercard issuance […]


FBC Bank system maintenance to disrupt banking services

FBC Bank will be holding scheduled system maintenance on Sunday the 13th of September 2020. The scheduled maintenance will start from midnight (00:00hrs) to 06:00hrs. During this period all banking services will be unavailable. FBC Bank released the following statement: System Maintenance Dear valued client Due to a system maintenance exercise scheduled for Sunday, 13 […]


FBC Bank now allowing individuals to open bank accounts via mobile

The reach of banking services has been broadened by FBC Bank through the launch of a virtual banking service. In a statement, the bank announced that it is now offering individuals a facility to open full bank accounts through mobile, via USSD (*220#) or the FBC Bank app. This is something similar to what we […]


FBC was listening, as Civil Servants can now convert USD allowance via USSD

The ladies and gentlemen over at FBC must either have an ear to the ground or they had this one in the pipeline. A couple of days ago we reported that FBC was making facilities available for Civil Servants to liquidate their US$75 allowance over WhatsApp and email. As progressive as those moves are they […]


FBC Bank Dismiss Fake News That It Has Been Hacked

There seem to have been a message making the rounds which is saying hat FBC Bank has been hacked. Now FBC has released a statement dismissing the fake news by saying that its system hasn’t been compromised: Our attention has been drawn to fake social media messages purporting that FBC Bank’s system has been hacked. […]


#Press Release: Use Your FBC MasterCard And Stand A Chance To Win A Trip To Paris

FBC Bank has launched a new promotion called “Transact without borders” where card holders who use their Prepaid MasterCards from now until 31 January, when the competition ends, can win an all expenses trip to Paris among other prices. FBC Mastercard prepaid cardholders in Zimbabwe stand a chance of winning a grand prize of a […]


{Press Release} FBC’s Mobile Moola Instant Card:Secure and Affordable

Following an article in which I outlined a problem that I had with my FBC Mobile Moola Card, FBC have since send me their official response with regards to this issue. In addition they clearly stated that the Mobile Moola account does and ought to send SMS alerts whenever a swipe related transaction is performed. It […]


FBC’s Mobile Moola Has A Serious Security Flaw: Account Holders Don’t Receive SMS Alerts When A Purchase Is Made

[Updated] FBC have since issued their own response here. After going through the impressive five minutes it takes to open a FBC Mobile Moola account and linking the account with Ecocash, I decided to take it for a spin. After making a routine purchase I instinctively checked my phone to see how much had been […]


What the banks made in 2016. Here’s a list of some of Zimbabwe’s most profitable banks

It’s that time of the year when banks are announcing their annual financial results. So far, CABS, POSB, EcoBank, Metbank, Stanbic, NMB, Agribank, BancABC and FBC have all reported profits. The only bank that didn’t make a profit is NBS, understandably because the bank is new. Agribank apparently made the first profit in 7 years (2009 was the […]


Here is a list of Zimbabwean banks still accepting incoming US dollar wires into personal accounts

In case someone out there is stranded and failing not only to receive online payments for jobs done but generally incoming transfers even as an expatriate, the following are some Zimbabwean banks still accepting international incoming transfers in USD into individual accounts.


FBC rolls out more POS terminals, plans continued fintech investment because of cash crisis

Zimbawbean financial services concern FBC Holdings has increased POS terminals in the market and plans continued fintech investment in the wake of the country’s cash crisis.


EXCLUSIVE – How to use MasterCard with Telecash

For those of you who are avid online buyers, here’s a hack that will allow you to use your MasterCard with Telecash. This solution has been available ever since Telecash launched in Zimbabwe and has been possible because of their “interoperability”. Enjoy!!! (You can thank me later) What you will need to use MasterCard with Telecash A […]


Of social media badges and moving with the times

You’ve probably seen it yourself a couple of times; a company (big often) slaps a Facebook badge on its website and print adverts despite the fact that their Facebook page has no activity at all on it. Sometimes the page doesn’t even exist. It’s nothing but a statement to their visitors: We’re moving with the times!