Press releases are usually filled with exaggerated self-praise and sometimes some subdued remarks subtly attacking the competition. Not with today’s press release from Econet Wireless which we posted earlier. The company has fired a salvo at CABS, ZimSwitch and Kevin Terry accusing them of using the Bankers Association of Zimbabwe to fight the EcoCash mobile money service.
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Econet accuses CABS, ZimSwitch & Kevin Terry of trying to frustrate EcoCash
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Econet appoints SA Banker as new TN Bank CEO
We just received a statement from Econet announcing the appointment of South Africa banker, Kwanele Ngwenya, as CEO of it's newly acquired financial institution, TN Bank. Ngwenya was Director of Commercial Segment at First National Bank's (FNB) Botswana operation.
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Press Release: Telecel offers contract packages with bonus benefits
Telecel has introduced a new fixed payment platform and is offering existing and potential customers new attractive fixed payment contract packages that allow unlimited local calls and bonus text messages and data.
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Econet hires BankservAfrica boss for new EcoCash CEO position
Just a week after announcing the hire of former FNB executive to head its newly acquired bank, Econet disclosed today (somewhat inadvertently) the hire of another banker, Cuthbert Tembedza, to fill a newly created position of EcoCash CEO.
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Econet on EcoCash open access: “Hey banks, here’s the deal…”
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.
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Agribank CEO, Sam Malaba, encourages banks to integrate with EcoCash
Agribank has become the latest Zimbabwean bank to integrate with the EcoCash mobile money transfer system. The announcement was made today at a press conference jointly held by the bank and Econet Wireless today in Harare. The integration is basically the same as that which Econet has secured with 3 banks so far i.e. to allow EcoCash customers to transfer money between their Agribank account and their EcoCash wallet, and the ability to do that even when they are out of the country.
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Econet reviews EcoCash mobile money transfer tariffs
Econet has announced through adverts in the press the 'reduction' of tariffs of its mobile money transfer service, EcoCash. The move follows a directive from the Reserve Bank of Zimbabwe (RBZ) and general pressure from the market to review the charges. The Reserve Bank of Zimbabwe Governor, in his 31 January Monetary Policy Statement, issued a directive to mobile operators to review their charges by end of March 2013.
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Econet explains why the new EcoCash tariffs are cheaper overall
When we first posted the announcement of the EcoCash Tariff review by Econet a few days ago, we noted that small amounts, that is most value ranges below $50, had actually become more expensive, while the larger amounts are significantly cheaper.
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Econet introduces EcoCash Debit Card, a mobile phone to POS payment solution
Earlier in the day we learnt and posted that Econet would launching a mobile phone to POS payment solution tonight. We're just from the event, and most of the information we had is what was announced tonight. The company is introducing its own POS terminals to accept payments from EcoCash mobile wallets. The products is called EcoCash Debit Card.
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Press Release: Econet launches virtual debit card
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.
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New Econet Services company a response to plateaued telecoms business
In October last year, it emerged that the Econet Wireless Group had formed a new company to drive the EcoCash mobile money service. Econet Services. The new company wasn’t “launched” or “announced” formally in the market, as far as we could tell at least. The change was treated subtly by Econet in as far as the market was concern.
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Mukuru launches mobile prepaid debit card in South Africa
Mukuru.com has just announced the launch of a new cellphone based debit card in South Africa. It something like mobile banking services locally, except this is optimised for existing Mukuru services in addition to using the card for regular banking and point of sale. The new card is backed by Standard Bank.
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Bitcoin, a currency and payments opportunity for Zimbabweans?
The money system is broken, and no one knows that better than the Zimbabwean who watched helplessly as institutions – government, politicians, bankers – they trusted to look after the value of their money conspired and eroded hard earned savings to nothing over a few years.
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Of banks, EcoCash, mobile money agents, platforms and great customer care
Recently I had to change banks because the one I was banking with is apparently going under. And Their customer care service is at its worst but that’s not the issue; I was essentially I was told by the executives at the top was that they couldn’t let me withdraw my money (we’re talking small middle income amounts here) and that I should stop pestering them.
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EcoCash integrates to DSTV for pay TV subscription via mobile money
If you thought being able to pay for your DStv at a supermarket till point was convenient (it was, we tried it), this is just going to be awesome. It's one development we know most middle income families have been waiting for.
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Zim government approves tax increase for telecoms &“mobile banking” to fund elections
A report in the state owned Herald newspaper today says that government has approved an increase in taxes for ‘mobile network charges’ and ‘mobile banking charges’ apparently to fund an upcoming general election. The revelation was made by Zim finance minister Tendai Biti yesterday as he addressed the media on the state of the economy. [...]
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Econet Wireless Zimbabwe full year profits down by 16%
Today, Econet Wireless Zimbabwe, the company that has the lion's share of the mobile telephony & broadband business in Zimbabwe, announced at a press briefing their annual financial results the period ending February 2013.
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New Zim and US eCommerce site, KhayaShopping, launches
Without any widely adopted internet payments platform, despite the existence of Vpayments, and some EcoCash internet payment trials, eCommerce in Zimbabwe is struggling to take off. But there are startups that are moving in early regardless, positioning themselves for when the Zimbabwean will rely on the internet to shop.
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Guide to online shopping in Zimbabwe: the introduction
Ever since the introduction of the multiple currency system in Zimbabwe, online shopping has become somewhat simpler. Hitherto problems like obtaining an internationally accepted Visa/ MasterCard, hyperinflation and limited internet connections had hampered the widespread adoption of e-commerce.
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EcoCash DStv payment: The problems and Econet’s response
About a month ago, Econet introduced a new ultra-convenient way to pay for DStv subscriptions. A few days later, we tried it ourselves and it worked as promised; seamless!
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