Unlike other mobile banking offerings that have emerged on the market, customers using EcoCash are not required to have a bank account, do not need to switch their SIM cards for new ones, and can move money across different mobile networks.
We weren’t sure how direct an entry especially because she referred to it as “mobile banking”. New information we have received from sources in the industry says there indeed is a more direct mobile money project going on at Telecel.
Remember Skwama? It’s the mobile money transfer service which Telecel Zimbabwe started introducing back at the end of 2010. It was launched in January 2011 but before long, its ads and general branding disappeared almost completely. We just learnt the gradual disappearance was deliberate as a decision had been made to let Skwama “die a natural […]
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.
Telecel Zimbabwe has just revealed to Techzim that it’s working with Zimswitch Mobile to include more banks on its mobile banking platform.
Telecel launched the Skwama mobile banking services in January this year but only provided the service to subscribers banking with Zimbabwe’s Kingdom Bank.
Telecel customers will soon be able to use their cellphones to buy groceries and airtime, pay bills, deposit and withdraw money, transfer and send money.