BancABC has announced that you can now collect your Mukuru remittances at their branches nationwide. You can now collect your @mukurudotcom 💵 order at any @BancabcZW branch 🏦. Bring your National ID or Passport 🛂 and SMS received 📲 to collect you cash.💰 Collection is FREE! 😉 #Mukuru 💵#ATeam 😎 pic.twitter.com/sBWsjYobTw — BancABC Zimbabwe (@BancabcZW) […]
Remittances look on course to breaking the US$1 billion and some change record that was set last year. According to the Reserve Bank of Zimbabwe’s (RBZ) Mid-Term Monetary Policy Statement, remittance figures are up by 73% at US$649 million from the US$374 million that was recorded over the same period last year. Inflows January to […]
National Building Society (NBS) has joined in on the remittance game by launching a competitor to BancABC’s City Hopper called Instant Cash. The remittance space has been something of a cash cow of late. Last year the total money received in Zimbabwe recorded just over US$1 billion. This was after there were projections that it […]
Mukuru & Western Union collections now reserved for Ecobank account holders only at Ecobank branches
What are they thinking?
Agents = Increasing reach
Remittances and DStv all under one roof.
According to the Reserve Bank of Zimbabwe, remittances stood at just over US$1 billion in 2020 making it the gughest figure ever recorded in a single year.
Zimpricecheck has curated a list of options for folks travelling into Zimbabwe to access hard currency during this coming festive season. Access the list here. Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash or OneMoney number: Buy Please dial our USSD code *405# on your phone to buy airtime […]
CBZ over the last couple of years have been partnering up with money transfer agents. Western Union, World Remit, Money Gram, Mukuru, Express Links, and Hello Paisa money transfers can be collected from a CBZ branch. In light of this CBZ announced that their Robert Mugabe Street branch will now be a dedicated money transfer […]
Arguably one of the most important sources of foreign currency has been remittances by those in the diaspora. When the economy tanked back in 2003, there was a surge in the number of people who left Zimbabwe looking for greener pastures. Those people often left their dependents back in Zimbabwe. Most send back money for […]
WhatsApp is a very popular platform with over 1.5 billion active global users all waiting to be monetised. In recent times there has been a push by various startups to turn it into more than a chatting platform. In India the Facebook owned app can now make payments. Mukuru has joined this bandwagon in a […]
Mukuru has now integrated the WhatsApp Business’s API with its system. That means its now possible to ‘create orders’ for sending money (and many other things) via WhatsApp for Mukuru account holders in South Africa. First off: let me explain what’s called ‘creating an order’ based on Mukuru’s dictionary. ‘Creating an order’ is when a […]
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, […]
Remittance service company Mukuru (Mukuru.com) has partnered with Zimpost in a deal that allows its customers to collect cash at any of the 19 Zimpost branches countrywide bringing much-needed convenience to the companies remittance service distribution. Currently, the participating Zimpost branches include Lupane, Bulawayo, Plumtree, Beitbridge, Tsholotsho, Hwange, Gwanda, Norton, Harare, Chegutu, Karoi, Kariba, Mutare, Chipinge, Murewa, […]
Mama Money becomes latest remittance service to tap into mobile effectiveness with Telecash partnership
This means recipients in Zimbabwe have the option to get their remittances sent straight to their Telecash mobile money wallet, something that widens Mama Money’s payout network which has already gained a national presence through a strategic relationship with CABS and its Textacash service.
Afrocoin, an international money transfer outfit that came onto the scene a few years ago with remittances, money transfer and airtime top-up services has announced its new partnership with EcoCash Diaspora, the remittance service arm handled by Econet’s mobile money service company EcoCash.
Earlier today, we attended the official launch of the partnership between EcoCash Diaspora and the global money transfer company, MoneyGram. The EcoCash and MoneyGram remittance option works in pretty much the same way as the other integrated remittance services such as WorldRemit, Western Union and Chitoro.
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 […]
The EcoCash South Africa remittance service will be launched in less than 3 weeks. 200 customers will be signed up for the soft launch, and EcoCash has highlighted that it has been working with strategic partners for the training of agents and finalisation of other important details. Over 60,000 agents have been roped in for this through a partnership with PEP and its parent company.
Through a partnership with Mkesh, the mobile money service owned by Mozambican mobile operator Mcel, Mukuru users in South Africa can now send money straight into a Mkesh wallet.
Moving money between any two countries is pricey business. The commissions for such services have always been steep, which explains why everyone from traditional banks to remittances services and lately, mobile networks are all out to get a slice of that cake. For most Zimbabweans, a familiar service provider in this space is Mukuru. The South […]
A couple of days ago FinMark Trust, a South African based independent trust that conducts regional assessments on financial inclusion, insurance and market access released the latest FinScope Survey for Zimbabwe. This is a follow-up to a similar survey from 2011. The latest edition presented several insights into the state of financial inclusion in Zimbabwe based […]
Earlier today we attended the official launch of a partnership between EcoCash Diaspora and Western Union. The service which was already reflective on the EcoCash menu yesterday, had been on the cards for months now. Western Union is the latest remittances firm to partner with EcoCash after a similar arrangement was penned with WorldRemit earlier […]
EcoCash, the mobile money arm of Econet Wireless, is set to launch a new service that allows Western Union money transfers to be made directly into a recipient’s EcoCash wallet. Western Union already has a similar web to mobile money transfer arrangement with network operators in and outside Africa such as Kenya’s Safaricom, Tigo from […]
So in sending money to the UK, one of the questions that people asked me was how do I send money to Zimbabwe. Why send money to Zimbabwe? I know, weird question. But there are people out there that still ask. Well, for those of you that still have relatives and friends that are still […]
There are instances when you are either travelling or have a friend or relative in the diaspora and need to send money to them. Yes, the flow of funds is not just one way, but undoubtedly more funds come into Zimbabwe than go out (I’m not referring to payments for goods here, but rather peer […]
A lot has changed since the crisis of 2008. Things are better now. I should know since back then I spend most of my time rationing my food supplies and waiting in line for everything from salt,bread, call slots and web pages to load. Most of my time is spend at the gym now trying […]
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 […]
Econet Wireless is one of a few telecommunications companies on the continent that has realized that the old telecoms model of charging for voice and SMSs – based on operating physical network infrastructure – belongs to yesterday. Yes, the business is current in many ways and revenues are still somewhat healthy, but the future belongs […]