Even after the recent downward review of the bank charges, the truth is that RTGSs (and people looking to access their cash have to make a lot of them) at $3 a transaction, are still quite expensive to do. And ofcourse EcoCash still charges the sender up to $7 for a $100 transfer to an unregistered number […]
Is the latest drive for e-banking from Ecobank adequate for a 2015 Zimbabwe which is a proudly informal economy? It would seem that the glaring omission from Ecobank’s strategy is an aggressive adoption of indigenous retail banking alternatives.
Banks have been given an ultimatum by the RBZ to submit financial inclusion plans within the next four months, a late development considering that banks have laid back while Ecocash and Telecash established a presence in the market.
In a bid to catch up with competition and lock steady revenue streams, Nettcash has unveiled the DStv payments facility through its mobile app which was recently launched and made available for download on Google Play.
The inaugural edition of the Mobile Money and Digital Payments Conference and Awards drew the who-is-who of banking and telecoms. See the event in pictures below
The Mobile Money and Digital Payments Conference, an awards ceremony that seeks to recognise and honour outstanding performance and innovation in mobile money and digital payments will be held on the 27th of July in Harare
You might have heard that a new South Africa to Zimbabwe remittance service called Mama Money is coming in the next couple of weeks. The key problem that Mama Money identified is that it’s still very expensive for migrants in the country to remit back home so they are bringing a new and somewhat anti-capitalist thinking to […]
Yesterday Telecel Zimbabwe launched a debit card for their mobile money users called the TeleCash Gold Card.This product had been in the pipeline for a while now, with Telecel having given some information on the card and what it would mean for subscribers at the launch of Telecash some months ago. While the launch itself […]
As Zimbabweans we have been a deprived lot. If it is not one nation introducing Visas so that we can’t visit them, then it is another banning the use of our ETDs (Emergency Travel Documents) when going to visit. Our misfortunes have also been prominent online. Facebook did not allow us to advertise to followers […]
Mobile money has redefined financial services locally and every serious service provider in the industry has tried to get in on the action. Local banks were relatively late adopters of m-commerce but despite this some of these institutions have managed to make remarkable progress even in the face of steam rolling competition from the likes […]
Sources in the industry have exclusively told us that Econet has finally given in to the pressure of the banks, regulatory authorities to open up full USSD functionality for the ZimSwitch mobile money transfer services. Specifically, this means in the coming weeks and months, banks, through the ZimSwitch Shared Services platform, will be able to […]
If you have worked or stayed in the Avondale area in Harare, you probably know of a popular food place at the flea market where lots of people religiously enjoy their lunch everyday. I visited the place with a friend today and we were quite intrigued to find they are now accepting Textacash mobile payments.
A new startup, Afrocoin Mobile Money, is set to launch in the coming months (or weeks,no idea right now) as a new player in the remittances and mobile money transfer market.
Yesterday, Econet made an announcement via a release to assure the market that issues (these, issues) have been resolved with “virtually all banks” and that if everything works according to plan, all banks that want to be connected to EcoCash, would be integrated by end of March 2013. According to the release Econet is apparently responding to fears by some financial institutions that they’ll lose customer to EcoCash integrated banks.
We held an interview recently with CABS Managing Director Kevin Terry in which talked at length about the company’s development of its mobile money product Textacash.
Following our story earlier today on the coming launch of ZimSwitch Mobile later this month, a reader sent us a picture they took of a mobile banking advert by CABS in their Sam Levy’s Village branch in Borrowdale, Harare.