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You can now buy ZESA tokens on credit using EcoCash
EcoCash recently made it possible to buy ZESA tokens on credit. By simpling dialling *179# you can access the new service. You can get ZESA tokens on credit valued at ZW$50 using the service and...
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EcoCash sets deadline for multiple accounts for the 6th of September 2020
In adherence to the Monetary Policy Statement put out by the Reserve Bank of Zimbabwe. Individuals are no longer allowed to have multiple EcoCash accounts. In a message sent out to customers Ecocash...
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EcoCash blood in the water, who will take advantage?
The payments space is in for some very big changes. Some of these changes we may be able to see. Others we can speculate on and there are others that are beyond the horizon. EcoCash, which seemed...
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Win US$1K by composing a song for EcoCash
EcoCash is hosting a social media singing competition that will see the winner walk away with US$1000. The song will probably be used for marketing purposes as the entries that will be considered...
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President ED – State had to act against EcoCash because $8.4 billion was...
President Mnangagwa recently addressed a ZANU-PF Committee in Gweru and in that address he spoke on the long-running feud between EcoCash and the state. The President had some interesting things to...
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EcoCash urges subscribers with multiple accounts to move funds by 25 September
Earlier this month, EcoCash announced that the deadline for moving funds for multiple account holders to one account was going to be 6 September. It seems a significant number of people missed the...
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OneMoney added 337 000 subscribers in Q2 whilst other mobile money services...
POTRAZ Q2 2020 report is out and whilst the mobile money industry generally took a big hit, NetOne seemed to do exceedingly well in the same period. EcoCash (the industry leader) and Telecash lost...
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Mobile money subscriptions took a dip in Q2, this could be the start of a...
The POTRAZ Sector Performance Report for the second quarter of 2020 revealed a dip in the number of active mobile money subscriptions. The figure recorded for Q2 2020 was 7 457 652 active subscribers...
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EcoCash joins ZimSwitch, you can now send money from EcoCash to OneMoney and...
Last month the RBZ’s Monetary Policy Statement revealed that the date for ZimSwitch becoming the National Switch was the 30th of September. That date was an extension for the previous date set which...
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EcoCash announces new rewards program – Is this meant to soften the Zimswitch...
EcoCash is now integrated with the national switch (Zimswitch) as was mandated by the Reserve Bank earlier this year. A day after the integration with what used to be the mobile money service...
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ZimSwitch confirms completion of mobile money operator integration
The deadline for EcoCash and Mobile Money Operators (MMOs) to join ZimSwitch as the national switch was the 30th of September 2020. That deadline has passed and yesterday we learned that EcoCash had...
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Here’s how much it costs to send money from EcoCash to OneMoney & vice versa
We have crossed the threshold of interoperability as per the directive that made ZimSwitch the national switch. This means that we can all send money from EcoCash to other mobile money wallets as well...
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Cassava bemoans regulatory pressures placed on EcoCash in investor update
Cassava Smartech -EcoCash’s parent company- issued a trading update outlining the the first half of the year and what investors and the general public can expect going forward. In the update there are...
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EcoCash ZW$5,000 daily limit relaxed but new restriction added
Back in September a seriously prohibitive ZW$5000 daily limit was placed on EcoCash subscribers. The huge blow disincentivised people from using EcoCash since it meant one simply couldn’t make certain...
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New ZW$35k limit for mobile money is a decent improvement – Here’s how RBZ...
So yesterday, it was announced that the ZW$5000 daily limit for transacting has been lifted. In its place will be a ZW$35 000 weekly limit which you can exhaust in one day if you want. Whilst this is...
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EcoCash still under regulatory scrutiny according to POTRAZ boss
Yesterday we were greeted with the news that the ZWL$5000 EcoCash limit was being relaxed. Mobile money subscribers can now spend ZWL$35 000 a week which if they so choose, they can transact in a...
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RBZ says it will continuously review the 35K a week mobile money limit
The Reserve Bank of Zimbabwe (RBZ) released a statement that concerned the discussions and resolutions made by the Monetary Policy Committee (MPC) that took place on the 2nd of October 2020. One of...
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Banned EcoCash Agents lines will be subject to the 2% Tax
The RBZ’s monetary policy statement from a couple of months ago revealed that agent lines are banned because they no longer serve a purpose. This announcement wasn’t a surprise to many because it...
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What you need know to liquidate EcoCash Agent account
As we reported earlier EcoCash Agent funds that haven’t been liquidated are now subject to the 2% Tax. For any company or individual that hasn’t yet started the process, here are some of the things...
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NetOne kicked out of Borrowdale office after failing to pay rentals
On the 24th of October NetOne was kicked out of their Borrowdale office due to rent arrears of nearly ZW$800 000. The telco was served with a notice of attachment as well which saw the seizure of all...
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