Zimbabwe and regional technology news and updates



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Many Moons Later Standard Chartered Is Still Having ZIPIT And Ecocash “Challenges”

While it was initially conceived as a way to send and receive money, Ecocash has become the unofficial currency of Zimbabwe. They might be calling them RTGS dollars but Ecocash is the best way to move these dollars. ZIPIT is a distant second but it is no less useful. The truth of the matter is […]

Standard Chartered Bank Pleads Guilty To Rand Manipulation

On Tuesday the New York State Department of Financial Services (DFS) released a statement saying that they had reached an agreement with Standard Chartered Bank where the bank pleaded guilty to currency manipulation including manipulation of the Rand. In exchange, Standard Chartered will pay $40 million to the DFS. Stan Chart was part of the […]

Standard Chartered Temporarily Disabled On ZIPIT

Standard Chartered customers should be informed that there has been and continues to be some service disruption and the bank has been temporarily disabled from the ZIPIT platform. FBC sent out the following message to their customers: Please note Standard Chartered bank has been temporarily disabled on the ZIPIT platform. Communication will be sent once […]

Standard Chartered Link With Ecocash Service Goes Live Today

Today marks the day that the linking of Ecocash accounts and Standard Chartered(StanChart) accounts is finally going live. Previously, it had been announced about such an arrangement but the platform wasn’t yet operational. Zimbabwe’s oldest financial institution and the largest mobile money transfer platform are teaming up to increase service provision to their respective customers. StanChart, […]

Scores Lose Jobs As Standard Chartered Set To Close 7 Branches In Bid To Go Digital

Standard Chartered is set to close 7 branches around the country in a bid to cut costs and move to digital platforms. The closures are part of a move by Stanchart to centralise its operations. The affected branches are yet to be specified, but the staff working at these branches will be retrenched. They will […]

Standard Chartered to carry out a systems upgrade over the weekend

Just in case you missed this; Standard Chartered is carrying out a systems upgrade from Saturday the 4th of November 2017 to Sunday the 5th of November 2017. All Standard Chartered branches will be closed during this period.  However of the two days, ATMS will only be unavailable on Saturday from 0400 hrs to 1800 […]

RBZ States That Standard Chartered Bank Cancelling Use Of Visa Is Not Directive From Them

Today a notice appeared in the Herald that stated that Standard Chartered had cancelled, with immediate effect, the use of their Visa cards outside Zimbabwe, with clients needing to seek prior approval 72 hrs before departure. This has proved not yet to extend to online payments, though the fear and concern has been that this was […]

Standard Chartered Visa Card Cancellation Just For Travelling As Online Payments Go Through

After the article we posted this morning in regards to Standard Chartered bank cancelling Visa card payments outside of Zimbabwe, it has now come to our attention that this is just for the physical card, when one travels and not online payments, for now. Confirmation has been made by both a client who banks with Standard […]

Standard Chartered Cancels The Use Of Visa Cards Outside Of Zimbabwe…

Techzim today came upon a notification published in The Herald by one of Zimbabwe’s internationally owned banks, Standard Chartered, stating that the bank has cancelled the use of its Visa cards outside Zimbabwe with immediate effect. The action has been taken to “ensure best use of the increasingly scarce foreign currency resources” due to the […]

Standard Chartered is launching an Africa-focused mobile banking platform

While other Western banking institutions look like they are scaling down in their operations in Africa (think Barclays and their much-publicized exit), Standard Chartered are going somewhat against the current. The bank says it is launching a mobile and online banking platform in Zimbabwe and seven other countries on the continent. Botswana, Ghana, Kenya, Nigeria, Tanzania, Uganda, and Zambia […]