Tag: Money Transfer
Recently, Mukuru announced that due to the shortage of the Rand in Zimbabwe, it had temporarily suspended South African Rand transfers to Zimbabwe. Suspended in that recipients here can’t collect their money in Rand. Big deal for the recipient? Ofcourse not, Zimbabweans are not exactly clamouring to get Rand. It’s USD cash they want. For the sender, again, […]
The South African fintech startup that slashed the costs for Zimbabweans living in SA to send money home when it launched two years ago has expanded its money transfer service into Nigeria, Ghana and Tanzania. The business will expand into Mozambique, Malawi and Kenya by April. It has also earmarked a country outside of Africa […]
Mukuru, announced this week the launch of Storecard in partnership with Zimbabwean retailers Halsteds and Electrosales. Essentially, the recipient of the transfer will be able to ‘redeem’ products equal to the transfer value from these participating retailers. Mukuru says that they (and these retailers) are making the overall cost of the transaction cheaper by levying only 5% of the transfer. Regular […]
WorldRemit, the guys that partnered Econet to allow Zimbos globally to remit money direct to EcoCash wallets, have just announced a new partnership with the MTN Group that will see them enabling direct remittances to MTN’s mobile money wallets. This gives them access to some 22.2 million customers in 16 countries across Africa. Quite a huge deal! The […]
WeChat is many things already. So much more than WhatsApp, the app it started as a clone off. It’s so much more this anti-WhatsApp strength has actually been cited as a biggest weakness. But that’s not stopping the Chinese based messaging startup from becoming even more. The latest is that Chinese users of the app can now use it […]
Econet Wireless Services and WorldRemit today launched a new international remittance service to enable anyone around the world to transfer money to an EcoCash wallet in Zimbabwe. Using the service, anyone in the 35 markets that WorldRemit operates from (including US, UK, South Africa (See update below), Australia, Canada) will be able to transfer money directly […]
Zimbabwe’s government owned postal services company, Zimpost, yesterday launched launched an electronic money transfer service known as Zipcash. The service, according to a report by Finx, allows for domestic and international money transfers. The new service replaces Zimposts existing money order services which basically entailed a lot of paperwork for sending and notification of transfers. […]
International remittance service, Mukuru, announced today the launch of a new mobile app that provides money transfer and communication services to Mukuru subscribers.
Last month, we wrote about a money transfer service set to launch soon called Afrocoin. With scanty information gleaned from their Crunchbase profile and website holding page, we were not sure of the details of the product it is. We are still not sure about many things, but an image sent to our tips email this afternoon gives more insight into at least their web presence.
Last week, Barclays announced a money transfer service called Cashsend that lets the bank’s customers with debit cards send money to anyone in Zimbabwe via an ATM. The service is one of the most innovative to come out of a bank in Zimbabwe and rivals other money transfer services on the market like EcoCash, Western Union and TextaCash.
South Africa’s Rob Sussman and Lance Fanaroff introduced (officially) in December of 2011 a cost-free money transfer system that allows anyone on Facebook to transfer money to anyone else on Facebook. The two founders have taken the concept to Facebook’s Palo Alto offices and to prominent banks and financial institutions where they have received the nod of approval.
Techzim has just found out that Western Union has been offering a domestic money transfer service since the 16th of May 2011. It appears as if not enough PR work was done in this regard as even an online search did not yield any information. The money transfer service enables locals to send and receive money within Zimbabwe without the need of a bank account. A receiver is able to access money within minutes of sending and is subject to agent locations. Western Union’s local agents are Microking (a subsidiary of Kingdom Bank), Easy Link, POSB, and FFS.