Remittances look on course to breaking the US$1 billion and some change record that was set last year. According to the Reserve Bank of Zimbabwe’s (RBZ) Mid-Term Monetary Policy Statement, remittance figures are up by 73% at US$649 million from the US$374 million that was recorded over the same period last year. Inflows January to […]
Mukuru & Western Union collections now reserved for Ecobank account holders only at Ecobank branches
What are they thinking?
According to the Reserve Bank of Zimbabwe, remittances stood at just over US$1 billion in 2020 making it the gughest figure ever recorded in a single year.
BancABC has added on to its local remittance service by announcing that customers can now receive money via Western Union at BancABC branches nationwide
CBZ over the last couple of years have been partnering up with money transfer agents. Western Union, World Remit, Money Gram, Mukuru, Express Links, and Hello Paisa money transfers can be collected from a CBZ branch. In light of this CBZ announced that their Robert Mugabe Street branch will now be a dedicated money transfer […]
Individuals/Families who rely on remittances where caught between a rock and a hard place when it was announced that money transfer agents would not be exempt from lockdown. Whilst this decision was made to safeguard the health of the general public, it meant that a significant number of Zimbabweans who rely on remittances were cut […]
Like I said, I’m on a roll to help you save money. Actually, maybe we should call it the #cheapskate series, what do you think? 😉 Anyway, so EcoCash enables you to receive money from the diaspora in USD through the EcoCash Diaspora service. The sender however has to send the money any one of […]
Afrocoin, an international money transfer outfit that came onto the scene a few years ago with remittances, money transfer and airtime top-up services has announced its new partnership with EcoCash Diaspora, the remittance service arm handled by Econet’s mobile money service company EcoCash.
Unfortunately, the Telecash-Mukuru facility hadn’t been providing instant transfer of funds. Recipients had to wait for hours before the money reflected in their wallets. Now, Telecash and Mukuru have improved the system and once the money is sent it will be recieved instantly by the holder of the Telecash wallet.
Earlier today, we attended the official launch of the partnership between EcoCash Diaspora and the global money transfer company, MoneyGram. The EcoCash and MoneyGram remittance option works in pretty much the same way as the other integrated remittance services such as WorldRemit, Western Union and Chitoro.
Mobile money and remittance services have managed to amplify their individual success by working together. This has managed to prove the strength of partnerships and their role in effectively extending platforms and services reach.
We’ve seen some advocacy for Bitcoin locally as well, and now some people are starting to integrate Bitcoin with other common financial services. Take Bitmari for example. This is a new Bitcoin-based money remittance service for the Zimbabwe market.
After more than eighteen months, Econet has finally secured the go-ahead from the South African authorities to start an EcoCash Diaspora remittances service from South Africa to Zimbabwe
Moving money between any two countries is pricey business. The commissions for such services have always been steep, which explains why everyone from traditional banks to remittances services and lately, mobile networks are all out to get a slice of that cake. For most Zimbabweans, a familiar service provider in this space is Mukuru. The South […]
Just yesterday we were tallking about recharge.co.zw, the online workaround for buying ZESA prepaid electricity that lets you use your EcoCash and Telecash mobile wallets as well as options like VISA and Zimswitch. It turns out that there’s another solution similar to this called ZymPay. Unlike recharge.co.zw, Zympay is targeted at the diaspora, where Zimbabweans who […]
Earlier today we attended the official launch of a partnership between EcoCash Diaspora and Western Union. The service which was already reflective on the EcoCash menu yesterday, had been on the cards for months now. Western Union is the latest remittances firm to partner with EcoCash after a similar arrangement was penned with WorldRemit earlier […]
EcoCash, the mobile money arm of Econet Wireless, is set to launch a new service that allows Western Union money transfers to be made directly into a recipient’s EcoCash wallet. Western Union already has a similar web to mobile money transfer arrangement with network operators in and outside Africa such as Kenya’s Safaricom, Tigo from […]
So in sending money to the UK, one of the questions that people asked me was how do I send money to Zimbabwe. Why send money to Zimbabwe? I know, weird question. But there are people out there that still ask. Well, for those of you that still have relatives and friends that are still […]
A lot has changed since the crisis of 2008. Things are better now. I should know since back then I spend most of my time rationing my food supplies and waiting in line for everything from salt,bread, call slots and web pages to load. Most of my time is spend at the gym now trying […]
Econet Wireless Services and WorldRemit today launched a new international remittance service to enable anyone around the world to transfer money to an EcoCash wallet in Zimbabwe. Using the service, anyone in the 35 markets that WorldRemit operates from (including US, UK, South Africa (See update below), Australia, Canada) will be able to transfer money directly […]
A report in the Herald has stated that a commercial agreement has been reached between money transfer services Western Union and Econet Wireless which will allow people to send money from abroad straight into EcoCash wallets. Under this new arrangement there will be no need to visit a Western Union branch as the money sent […]
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.
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.
In what Safaricom is referring to as “the largest deal of its kind in the world”, M-PESA subscribers in Kenya will now be able to receive international Western Union remittances on their mobile phones. With a total of 13.5 million subscribers on the M-PESA platform, the development is a big milestone for both Safaricom and Western Union.
The Safaricom/Western Union alliance will see Kenyans receive remittances from 45 countries and territories. “No other Kenya operator can receive money from as many countries”, Safaricom boasted in a release.