Tag: Reserve Bank of Zimbabwe

Reserve Bank investigating Econet over EcoCash auto-registrations

Last week, allegations emerged that Econet was automatically registering subscribers to its EcoCash mobile money service. The official Econet response to the allegations was a failed spin that tried to deny allegations, only stating that it was against company policy to do that. However, the official Econet Twitter account confirmed the allegations in response to […]

Breaking: Reserve Bank issues directive on mobile money agents. Telecash wins

We have just received the Reserve Bank of Zimbabwe’s official position on the mobile money agents war that was playing out between EcoCash and Telecash. The issue started after Telecel claimed that Econet was blocking them from accessing mobile money agents registered to rival mobile money provider EcoCash. Telecel then lodged an official complaint with […]

Telecash moving on, now advertising Agents that can’t be “ruffled” by Econet

For the first time since its launch. Telecel’s Telecash has started advertising its mobile money agent network in the local press. Telecel is currently embroiled in a bitter wrangle with Econet over access to mobile money agents that first signed up with EcoCash. The dispute is currently in the hands of the Reserve Bank of […]

Econet denies auto-registering customers to EcoCash. But it doesn’t add up

So we finally got a response from Econet PR on the issue of them automatically registering Econet voice subscribers to the EcoCash mobile money service. It’s basically a, “no we don’t do that” response. Here’s the full response: Econet has and continues to experience exponential growth of its popular EcoCash service, whose customer base is […]

Econet reviews EcoCash mobile money transfer tariffs

Econet has announced through adverts in the press the ‘reduction’ of tariffs of its mobile money transfer service, EcoCash. The move follows a directive from the Reserve Bank of Zimbabwe (RBZ) and general pressure from the market to review the charges. The Reserve Bank of Zimbabwe Governor, in his 31 January Monetary Policy Statement, issued a directive to mobile operators to review their charges by end of March 2013.

Zim mobile operators directed to reduce mobile money transaction fees

The constant complaint with mobile money services locally (EcoCash really) is that it’s expensive to use. Since launch. They reviewed the transaction fees downwards once, a few weeks after launch, but EcoCash remained the most expensive mobile money transfer service in Zimbabwe. So yes, we mourned a lot about it every time we got a chance. Those prayers are about to be answered.

Reserve Bank of Zimbabwe to establish mobile money regulation

The Governor of the Reserve Bank of Zimbabwe (RBZ), Gideon Gono, announced yesterday the introduction of a deliberate legal and regulatory framework for Mobile Financial Services. The announcement was made as part of the Monetary Policy Statement presentation.

Some noteworthy discussion points from the ePayments Forum

As party of the ongoing discussion following the ePayments Forum that was held exactly two weeks ago, we’ve decided to post here the main issues that came out of the event. You can read more about the event itself on the sub site dedicated for the event here:

Vpayments may not be for everyone

When mobile payments were introduced in Zimbabwe, I thought here is the chance for me to sell my book to Zimbabweans who do not have Visa cards, MasterCards etc. I made my first call to Big Bank in November of 2011 and asked them about accepting payments via their mobile money transfer solution. I was told it was Ok.

Zimbabwe is more than ready for e-commerce and online shopping

This guest article was authored by Prosper Chikomo, an internet entrepreneur and author of Turning Iron into Gold: Golden Opportunities: How to Spot Them, Create Them, Make Money from Them, and How Not to Miss Them (Available on  A doubtful Zimbabwean-banker asked me the question, “Is Zimbabwe ready for e-commerce? Did you do any market research […]