Zimbabwe’s largest mobile phone company, Econet Wireless, has unveiled an innovative functionality on its mobile money service EcoCash which allows a cell phone to also operate as a virtual debit card.
Yesterday, we held the ePayments Forum in Harare yesterday where we had representatives from Visa, Econet Wireless Zimbabwe, Zimswitch, Touch Retail and Zimbabwe revenue authority presenting on some keys issues in the ePayments space in Zimbabwe.
Convenient payment options are a critical and often cited sticking point for commercial and economic development. Numerous discussions have taken place around the need for increased electronic payment methods as a means to overcome time, socio-economic, and logistical constraints amongst others.
When you are in Europe or America, it is possible to move around without any cash in your pocket as long as you have a credit card or a debit card. Governments in developed countries have long urged their citizens to transact electronically. This is known as a ‘cashless society’. It is fast, cheap, and […]
As you may already know, ZimSwitch revealed these past few weeks a mobile money platform called ZimSwitch Mobile that’s already being used by a couple of local banks. ZimSwitch has signed up a total of 12 banks to their shared services platform and the 12 make up about 85% of Zimbabwe’s banked population.
We recently communicated with ZimSwitch business development manager, Adam Roscoe, and he disclosed some news that will no doubt excite internet entrepreneurs in Zimbabwe. ZimSwitch is working to launch an internet payment gateway.