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EcoCash automatic bill payments, they have finally done something really cool
Zimbabwe’s biggest mobile money service EcoCash has introduced a Bill Manager, a new service that it says will bring more convenience for its users and simplifies how EcoCash customers manage their...
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New EcoCash Assistant on WhatsApp allows you to transact and resolve common...
We have had EcoCash for what seems like an eternity now. As it has matured we have come to expect less and less in the way of innovations. That’s exactly what we expect to see when it comes to...
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EcoCash transaction limits revised upwards, still low
You know the drill. Inflation is roaring and prices appear to be changing every day. Couple that with transaction limits on our preferred payment platforms and you can find yourself unable to pay for...
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InnBucks set to make a comeback to a changed domestic remittance landscape
InnBucks rocked the nation when it launched late last year. Marketed as a loyalty and rewards programme, the service was hijacked by the public and made a domestic remittance platform. With only a 2%...
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If you’re sending USD don’t cash into EcoCash, use the vouchers instead
EcoCash has been in the domestic remittance game for a while now. In the service’s over a decade life, competition has never been stiffer. What was once the no-brainer choice is now just one of many...
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EcoCash FCA now cheaper to use, no more cash in/cash out taxes
The domestic remittance playing field has been leveled. The regulations that only applied to EcoCash have been repealed. Earlier this week we talked about how crazy it was that only EcoCash had to...
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You can pay using OneMoney from any POS now, is this a game changer?
You have heard the news, you can now pay straight from your OneMoney mobile money wallet via Point of Sale. This means wherever you find a POS machine you don’t have to ask if they accept OneMoney,...
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EcoCash Junior wallet for 9-18 year olds is excellent, it was long overdue
If you are a parent or a guardian you are going to love EcoCash’s new product. EcoCash launched the EcoCash Junior wallet today. This new product is aimed towards children aged 9-18. But worry not, as...
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EcoCash has lost 3.1 million customers since 2020, what or who is to blame?
In Zimbabwe Coke refers either to all fizzy drinks or just to a particular soft drink. The same goes for EcoCash and mobile money. There is competition in the mobile money sector but for most, EcoCash...
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EcoCash Holdings results: mobile money business struggled but Steward Bank...
There are bands that have names like Afrika Revenge, U2 etc. Then there are bands that go with the lead singer’s name e.g. Thomas Mapfumo and the Blacks Unlimited. This second type of band name looks...
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Above 18% of “early adopters” using EcoCash USD wallet, much higher than we...
Last month Techzim conducted a survey to determine the level and form of usage of the EcoCash USD wallet. The survey was shared mostly with the Techzim community on WhatsApp and social media as well...
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EcoCash service is down
In Zimbabwe, it’s tough to tell whether or not a service is facing an outage or it’s just another day at the office with Network challenges. However, the EcoCash service is currently facing some...
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Ecocash is the latest to drop USD transaction charges from 7% to 5% after tax
Last year the Zimbabwe government got a little greedy and decided to increase tax on domestic USD transfers from 2% to 4%. It was a bad idea and it took only about 6 months for them to revert back to...
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EcoCash partners US company to offer another avenue to send funds to Zimbabwe...
It’s been in the news but it’s not really new. However, if we all missed it when it happened then we might as well talk about it today. EcoCash partnered with Remitly, a US financial services...
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Scammers are exploiting lax account opening regulations on InnBucks
It is well-documented just how much financial inclusion can change people’s fortunes. That’s why I find Know-Your-Customer requirements imposed by regulators to be so frustrating. According to Silvio,...
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Get these discounts on your airtime and even food purchases this Christmas
How about a little festive season gift? We could always do with those and today, we look at some of the promotions that the mobile money players have stuffed in our stockings. We know you’ll be...
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KuraCash – Can a Free Mobile Money Service Take Over Zimbabwe?
A Zimbabwean tech startup, Kura is hoping to upend the mobile money market with a digital wallet that offers consumers no fees for transacting. The service, co-founder Michael Charangwa explains,...
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The new EcoCash app looks much better than its ancestor but bugs sully...
So, EcoCash finally updated its mobile app. Or rather they replaced it with a better app. The new app was launched today and is available on the App Store, Google Play Store and Huawei App Gallery....
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Econet extends offer to send money for free, working on adding other markets...
Last month we talked about how Econet made remittances from South Africa and the UK free. We understood this to be a promotion and that it would be available for a short period of time. Well, Econet...
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InnBucks shifts to subscription model: Unlimited transactions for $1 monthly....
If you have not been paying attention, there is a battle in the mobile money space and business models are being tweaked to get ahead. InnBucks has fundamentally changed its business model and it...
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O’mari Mahala Bundle offers free transactions for $1 a month. Good deal or nah?
They say imitation is the best form of flattery, so I guess that means O’mari adulates InnBucks. It appears the flat fee for unlimited transactions model is the new hotness. All is fair in business;...
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InnBucks introduces swipe card, no more forced cashouts to pay merchants
Do you remember the days when you had to go to your mobile money provider’s USSD platform and go through the steps of paying a merchant in a supermarket? Thank God, somewhere along the way, a solution...
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OneMoney System Glitch Allows Customer To Steal $10K
A OneMoney system problem allowed customers to transfer money to each other without their balance deducted. The glitch was taken advantage of by a woman to transfer some Zwg 136,442 (About US $10k) in...
View ArticleRapid Innbucks Expansion As It Partners TM Pick n Pay… Eating at EcoCash...
2024 has turned out to be a year of aggressive expansion and experimentation for the Innbucks digital wallet and money transfer platform. The Simbisa brands owned fintech company announced today that...
View ArticleEcoCash is now integrated with all banks in Zimbabwe, it’s a bank-to-wallet...
There was a time when EcoCash and banks were in a cold war. At the time Zimbabwe had gone cashless and the fight for who got the transaction volumes raged a little too fiercely.EcoCash had taken the...
View ArticleEcoCash (Mobile Money Business) Sees Losses Despite 26% Revenue Growth
As you know, EcoCash was brought back under Econet a few months ago. This means the Econet Group now comprises the following segments:Mobile Network Operations: Mobile telecommunications and related...
View ArticleInnBucks ruins the KaOne deal, introduces withdrawal fee on top of monthly...
A few months ago, InnBucks, one of the biggest mobile money players in Zimbabwe, moved to a subscription model.They called it KaOne, and the new model saw users paying $1 a month for free unlimited...
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Mukuru Wallet Officially Launches in Zimbabwe: How It Works and What It Offers
We attended the official launch of the Mukuru wallet yesterday. As you may remember, Mukuru was awarded a Deposit-Taking Microfinance licence last December by the RBZ, which made the wallet...
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20 Years of Mukuru: The Milestones That Shaped Its Journey
While last week was all about the official Mukuru wallet launch, it was also an opportunity to celebrate 20 years of Mukuru.The company turned 20 last year and for those not familiar with its story,...
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InnBucks Offers 1% Cashback on Funds Received from South Africa as Remittance...
This is what $2 billion gets you. The inbound remittance market was about $2 billion last year, and this is what you get when companies fight for a bigger piece of that pie.Here, InnBucks is offering...
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