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Monetising Zoom calls through M-Pesa [Kenya]
With the popularity of Zoom during the coronavirus pandemic, it was just a matter of time till this service was in some way monetised on the user end. With cases on the rise and people looking for...
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Econet CEO – Issuance of search warrants one of the tools used by state to...
The court documentation filed by Econet as part of their Urgent Chamber Application to temporarily suspend the Magistrate Court’s decision to issue a Search and Seizure warranty to the ZRP makes for...
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State of mobile money in Southern Africa
Being a young Zimbabwean who holds no faith in our banking system – mobile money has been a big part of my life. Around 49% of Zimbabweans are registered with a mobile money service. 1 in 2 Zimbos is...
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EcoCash “currency manipulation” probe delays Cassava Smartech financial report
Cassava Smartech announced that they have delayed the release of their audited financial statements for fiscal year-end February 2020. They made this announcement to shareholders citing that the delay...
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EcoCash has increased tariffs
EcoCash has reviewed its pricing structure for their mobile money services. The new charges are as follows : Econet Wireless It looks as though many people had not noticed the increase in tariffs....
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CABS launches a service to send money to any number, here’s why it won’t work
At first glance this looked rather interesting. A service that allowed CABS account holders to send money to any mobile money number. That initial excitement faded though as I went deeper into CABS’...
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OneMoney has reviewed service fees
One Money has reviewed service fees. The new prices are as follows: Transaction Tariffs Lower Value ZWL$Upper Value ZWL$Bill PaymentMerchant...
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FBC was listening, as Civil Servants can now convert USD allowance via USSD
The ladies and gentlemen over at FBC must either have an ear to the ground or they had this one in the pipeline. A couple of days ago we reported that FBC was making facilities available for Civil...
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No, you can’t send money from EcoCash to OneMoney yet
On the 9th of July, the Reserve Bank of Zimbabwe issued a directive that made ZimSwitch the national payments switch. This meant that EcoCash was going to be relegated to being just another wallet....
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RBZ announces mobile money rule: Individuals can’t have more than one wallet...
The Monetary Policy Statement (MPS) is out and as we expect, the RBZ has announced some surprise regulations. The war against mobile money is far from over it appears… What’s the new rule? Under the...
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Agent lines banned by RBZ as “they no longer serve any legitimate purpose”
Earlier today, the RBZ published the Monetary Policy Statement and there are a number of pretty shocking declarations. One of which is that agents lines are officially a thing of the past. The same...
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RBZ details faults of mobile money services which led to regulatory pressure
Zimbabwe’s Central Bank (aka RBZ) has been on a war path with mobile money services (mainly EcoCash) for most of the year. RBZ firmly believes EcoCash and other mobile money services have led to the...
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EcoCash & others given until 30 September to connect to ZimSwitch
The assumed deadline for the ZimSwitch’s role as the national switch was the 15th of August 2020. That deadline has passed and that led many to wonder when this measure will come into effect. Earlier...
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EcoCash limits transactions to $5000 per day
In accordance with the Reserve Bank of Zimbabwe’s Monetary Policy Statement on Friday EcoCash put out the following press release: EcoCashNotice to All EcoCash CustomersDear Valued CustomersPlease be...
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2 Ecocash accounts? The less active one will be closed
Last week, we reported that the RBZ had announced with immediate effect that each individual would be allowed to only have one mobile money account. This means individuals with multiple EcoCash...
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What can you buy with the ZWL$5000 EcoCash limit?
In abiding by the Reserve Bank of Zimbabwe’s directives, EcoCash has instituted a ZWL$5000.00 a day limit on transactions. The outline of how this will affect daily transactions is as follows:...
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EcoCash Payroll and OnePay under threat as RBZ directive suggests banning of...
EcoCash Payroll and NetOne’s OnePay solution pretty much solve the same problem – allowing businesses to pay their employees salaries. The RBZs recent pronouncements in the Monetary Policy statement...
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Video: EcoCash sets daily limit at Z$5000. Who is hit hardest?
RBZ issued a monetary statement directing mobile money wallets to suspend agent accounts and set a daily limit of Z$5000. In this video we look at what this means for the average Zimbabwean as well as...
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OneMoney follows EcoCash and effects ZW$5000 daily transaction limit
Many people were wondering if OneMoney and Telecash would all be subjected to the same regulations that were recently put into effect by EcoCash. Well, OneMoney is the second mobile money operator to...
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Beware! Scammers promising to upgrade daily EcoCash account limits
The RBZ recently placed stricter regulations on mobile money service providers. You may have heard that you can no longer transact over ZW$5000 daily. Interestingly, we came across a WhatsApp message...
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