Techzim

Zimbabwe and regional technology news and updates

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RECHARGE


Why are you still using EcoCash?

OneMoney and Telecash are cheaper when it comes to charges.


OneMoney giving away 500MB for a ZWL$1000 deposit

Finally, a reason to deposit cash into OneMoney


Nearing 1 million subs, OneMoney slashes airtime discount to 10%

10% is better than 0% but halving it as the MMO nears a major milestone is strange.


EcoCash & OneMoney grew in Q4 2020 while Telecash crashed

Telecash now commands only 0.1% of the mobile money market.


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.


OneMoney to do service disrupting upgrade at the same time as EcoCash – ZimSwitch issues?

OneMoney will be carrying out a system upgrade this Saturday. The upgrade coincides with EcoCash’s scheduled maintenance.


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.


NetOne kicked out of Borrowdale office after failing to pay rentals

On the 24th of October NetOne was kicked out of their Borrowdale office due to rent arrears of nearly  ZW$800 000. The telco was served with a notice of attachment as well which saw the seizure of all removable property from the offices. NetOne reportedly owes Mutual Finance $684 281 rising to ZW$775 182 because […]


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. […]


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 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 […]


EcoCash blood in the water, who will take advantage?

The payments space is in for some very big changes. Some of these changes we may be able to see. Others we can speculate on and there are others that are beyond the horizon. EcoCash, which seemed almost like a utility, is about to be equalised. The levelling of the playing field hasn’t come because […]


OneMoney follows EcoCash and effects ZW$5000 daily transaction limit

Many people were wondering if OneMoney and Telecash would all be subjected to the same regulations that were recently put into effect by EcoCash. Well, OneMoney is the second mobile money operator to effect the ZW$5000/daily transaction limit. NetOne subscribers received the message below this morning; Dear Customer. Following a RBZ directive, OneMoney transactions are […]


EcoCash Payroll and OnePay under threat as RBZ directive suggests banning of salary processing

EcoCash Payroll and NetOne’s OnePay solution pretty much solve the same problem – allowing businesses to pay their employees salaries. The RBZs recent pronouncements in the Monetary Policy statement indicate that payroll services face existential threat. In the Monetary Policy Statement, RBZ says the following; Mobile payment operators have been turning a blind eye and […]


No, you can’t send money from EcoCash to OneMoney yet

On the 9th of July, the Reserve Bank of Zimbabwe issued a directive that made ZimSwitch the national payments switch. This meant that EcoCash was going to be relegated to being just another wallet. ZimSwitch as the national switch for Mobile Money means that one can essentially send money from EcoCash to OneMoney or Telecash […]


OneMoney has reviewed service fees

One Money has reviewed service fees. The new prices are as follows: Transaction Tariffs Lower Value ZWL$ Upper Value ZWL$ Bill Payment Merchant Payment 1.00 1.99 0.17 0.03 2.00 5.00 0.35 0.18 5.01 10.00 0.55 0.24 10.01 20.00 0.85 0.71 20.01 30.00 1.35 1.16 30.01 40.00 1.67 1.63 40.01 50.00 2.55 2.19 50.01 60.00 3.29 […]


Zimswitch: a quick refresher on what it is and what it does

The Reserve Bank this afternoon issued a statement that made Zimswitch the national payment switch. This means that EcoCash will be relegated to just being wallet and will have to use Zimswitch as the universal transaction hub. Now, as more information about this comes out, and we see how EcoCash responds to this. Let’s have […]


With a national switch on the way, EcoCash needs to focus on innovation now more than ever

A few days ago, my colleague Tinashe wrote an article about EcoCash and the Econet group’s need to innovate build compelling products. Today the RBZ announced that ZimSwitch is going to assume the role of the national switch and EcoCash will be required to be interoperable with this switch. Given all this, I thought it […]


What does the RBZ directive mean for EcoCash and other mobile money platforms?

Yesterday the Reserve Bank followed up a statement made by Nick Mangwana on Friday night. The original statement looked to totally ban mobile money platforms. The government was planning to take a: “Series of prudent and coordinated interventions to deal with malpractices, criminality and economic sabotage perpetrated by the “wolves in sheep skins amongst our […]


Govt saves face, RBZ statement on EcoCash ban: reversing from the original plan

Yesterday the government through Nick Mangwana issued a statement declaring that mobile money was suspended with immediate effect. Naturally the public wasn’t happy and all three mobile telecommunications companies released statements to the effect that they would wait for a directive from the relevant authority. It seems like they have revised the original plan, probably […]


Government bans EcoCash and other mobile money. Ok… So what are we supposed to do now?

The government last night through Information Secretary Nick Mangwana decided to suspend all forms of mobile money. Now the reasons behind that decision aside, what does it mean for all of us who rely on EcoCash or OneMoney? A lot of the people were unbanked before the advent of mobile money. Many relied on physical […]


Government suspends EcoCash and all mobile money. This is BAD, VERY BAD!

The Government has suspended mobile money transactions. This is the statement that was released this evening: Government has, with immediate effect, undertaken a series of prudent and coordinated interventions to deal with malpractices, criminality and economic sabotage perpetrated by the “wolves in sheep skins amongst our population” that His Excellency the President alluded to during […]


OneMoney Crosses Half A Million Subscriber Mark – How Did They Get There?

The latest POTRAZ report is out and OneMoney grew exponentially in the first quarter of 2020. 18.4% growth means NetOne’s mobile money service now has 555 225 subscribers. This time last year they had just over three hundred thousand subscribers so it’s interesting to see the mobile money service add over quarter of a million […]


Frustrated At Having To Remember USSD Codes For EcoCash? Try This App Instead

USSD menus are pretty outdated when you consider the way we usually navigate on smartphones. The fact that you have to remember the codes and then the clunky interface which is prone to user error – the experience is mostly forgetable. But since USSDs offer real utility they are not going anywhere anytime soon so […]


No, You Can’t Send Money From EcoCash To OneMoney – Here’s What’s Possible

A number of tweets have led people to believe they can now send money from an EcoCash account to a OneMoney account directly (i.e without the need for an agent). The above tweet is an example of the euphoria around this issue but it’s important to note that this has always been possible. Moving money […]