Econet just announced via a press release that they are upgrading the capacity of the EcoCash mobile money platform to 4 times its current size. The upgrade is a multi-million dollar project according to the announcement. Information of the upgrade was first released last week on Friday when the company notified subscribers via an SMS [...]
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Yesterday, we exclusively reported that Econet was working to launch a new insurance service for smallholder farmers called EcoFarmer. Econet just issued a press statement announcing the product. Our report yesterday covers most of what the product is but here’s the new information from the statement: Econet is implementing this in partnership with Seed Co, [...]
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The past few weeks Telecel and NetOne both revealed that as part of the POTRAZ directive to disconnect unregistered SIM cards by 31 August, they each shed 100,000 subscribers. Almost sounds like one reported the right number and the other just went ‘yeah, about the same’! Anyway, we curiously asked a source at Econet (the [...]
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Remember the new international money transfer startup called Afrocoin that we wrote about back in June? Then, they were just a profile on Crunchbase and a few screenshots here and there promising the service would be live in a couple of months. They are here. Afrocoin is launching, tomorrow their website countdown says. The startup got [...]
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A local startup has launched a desktop based mobile money management tool called Capu (short for Cash Application: Universal). Universal in that the tool can be used to manage transactions any mobile money service locally. The app, which is Windows based, so far allows users to manage their Textacash and EcoCash transactions more conveniently.
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A report in a Zimbabwean weekly, the Financial Gazette, said today that EcoCash has reached 3 million mobile money subscribers. The new subscription numbers come as the company celebrates the second anniversary of the service. The article unfortunately doesn’t mention however if the number represents active subscribers or just the total. We’re guessing it’s the [...]
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Some very innovative people have sat down on this one. See, the relevancy of an app to the populace is not necessarily in the cutting edge technology (that’s for tech people), it’s also in the usability, the ability to accomplish the task in as simple a way as possible, as economic and just as secure. [...]
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Econet announced today that the Supreme Court has ruled in their favour in the matter against Namibian technology company Trustco, in the Supreme Court. The two companies have been fighting in court since mid 2011 following disagreements over the running of the EcoLife service. The victory is more one of principle and closure as it has no bearing on the EcoLife service itself. Econet's agreement with Trustco legally came to end in February last year.
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Econet announced today the introduction of a new EcoCash based mobile money service called EcoCash Save. The service offers a mobile virtual savings account for the subscriber in much the same way that EcoCash users have a virtual mobile wallet. The EcoCash Save account can be opened by any subscriber within seconds via a new [...]
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Those of us who use mobile banking have at one time or another experienced the pain using USSD especially when performing relatively complex transactions such as interbank transactions. One has to wade through multiple menus, selecting options and going back and forth between screens. Worse if the transaction fails at some stage it is often [...]
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Zimbabwe’s government owned postal services company, Zimpost, yesterday launched launched an electronic money transfer service known as Zipcash. The service, according to a report by Finx, allows for domestic and international money transfers. The new service replaces Zimposts existing money order services which basically entailed a lot of paperwork for sending and notification of transfers. [...]
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In this series we will look at how to buy and sell using PayPal from Zimbabwe. Update: Recently, PayPal contacted our webhosts with a request to take down this page because it “uses our trademarks inappropriately.” We assumed they meant their logo and not all the content on the page. We have therefore removed the [...]
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So yesterday when Telecel called a press briefing we were almost certain the company would announce their new mobile money service. It’s been known for a while now that Telecel is working on a product to compete head on in the market with fellow mobile operators Econet (their EcoCash product) and NetOne (OneWallet). They didn’t [...]
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Almost 3 months ago, Econet suddenly announced a suspension of EcoCash transfers to other mobile local mobile networks; Telecel and NetOne. We suspected ofcourse that this was a move to encourage people to ditch their Telecel and NetOne lines to access the mobile money service. Or at least a move to have sons and daughters [...]
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Reliable information we have received from sources says Telecel will be using the Obopay platform for their Telecash mobile money service. This is contrary to market information that has been all along suggesting they’d be using the Mahindra Comviva platform that Econet uses. The reasoning so far was that Telecel was working to match Econet’s [...]
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Information we’ve just received confirms that NetOne is the company running teaser ads in the print press in preparation for a re-launch of their OneWallet mobile money service. The re-launch, a source tells us, comes with the introduction of transfers to other networks. So far, OneWallet subscribers could only transfer money to other NetOne subscribers. [...]
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NetOne re-launched a revamped OneWallet product at their Kopje Plaza offices in Harare this afternoon. The OneWallet product was previously launched in 2011 and this re-launch is in response to a re-engineered platform that has just gone live. Here’s all that you need to know about the revamped OneWallet product: The new The most touted [...]
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Mahindra Comviva, the company powering Econet’s mobile money solution, EcoCash, today won the “Best mobile money service” award at the AfricaCom Awards in South Africa. The awards are a big deal on the continent as they are part of the AfricaCom conference which is currently Africa’s largest conference for the telecoms and tech sector. More telecoms. The [...]
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So far Telecel has been unwilling to say much about their soon to launch Telecash mobile money service but we get bits to piece together every now and again from a few generous souls. Today was such a day and we got to learn a bit about the branding and messaging that will likely carry the [...]
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So the winners of the Oscars of Africa’s telecoms sector, the AfricaCom awards, have been announced. The awards are in their 6th year and they are basically designed to acknowledge players in the sector that have made some outstanding achievements in the year. Of some relevance to Zimbabwe, and therefore noteworthy, are: the EcoCash platform [...]
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