Informal sector reject EcoCash after RBZ ban withdrawals

Informal sector starts to reject EcoCash. Thanks to RBZ

First it was the bond notes that were rejected by the informal sector and now it's EcoCash. Indeed, some informal businesses are now rejecting accepting payments through the largest mobile money platform, EcoCash. Those informal businesses not accepting EcoCash are simply rejecting EcoCash payments by saying that the EcoCash platform is currently down when,in fact, … Continue reading Informal sector starts to reject EcoCash. Thanks to RBZ

EcoCash Executive grade transaction limits

Who are EcoCash’s Executive Grade customers who enjoy higher transaction limits?

Every time and again EcoCash revises transaction limits in response to regulatory pressure and economic developments. Recently, EcoCash transaction limits were arguably revised down to fend off pressures from the Reserve Bank of Zimbabwe. What was noteworthy when the new transaction limits were unveiled is certain two grades of customers that have larger limits that … Continue reading Who are EcoCash’s Executive Grade customers who enjoy higher transaction limits?

EcoCash Telecash OneMoney

Frequently Asked Questions concerning suspension of mobile money transactions

What has just happened? Secretary of Information, Nick Mangwana instructed mobile money platforms and Zimbabwe Stock Exchange to suspend trading on their platforms. Nick Mangwana said the platforms are being used to stifle government's efforts to revive the economy, so as a result, they will conduct investigations to bring to book "economic saboteurs" a.k.a "wolves … Continue reading Frequently Asked Questions concerning suspension of mobile money transactions

EcoCash FCA

Mobile money platforms dismiss government’s directive

Mobile money platforms have made light work of the government's statement which instructed mobile money platforms to suspend their services pending investigations.In statements, EcoCash, MyCash and OneMoney said they will not suspend transactions since they didn't receive a directive from their regulator, the Reserve bank of Zimbabwe. Therefore, customers have to continue using their platform … Continue reading Mobile money platforms dismiss government’s directive

mobile money in ZImbabwe Telecash OneMoney EcoCash

Shocking: Gvt suspends mobile money transactions & stock exchange trading

A statement issued by Secretary for Information, Nick Mangwana states that the government has suspended mobile money transactions and trading on Zimbabwe Stock Exchange to pave way for investigations and the rooting out of economic saboteurs that are derailing government plans to resuscitate the economy. Here's following is the full statement: Government has, with immediate … Continue reading Shocking: Gvt suspends mobile money transactions & stock exchange trading

$2 bond notes Zimbabwe

Informal sector rejecting $2 notes but Mthuli Ncube says they are still legal tender

Last month we predicted that new Zimbabwe dollar notes will trigger a natural demonitization of lower denominations of our local currency. And in no time, informal sector business started to reject $1 dollar coins and $2 notes and this is still happening. This has the reached the ears of Finance Minister Mthuli Ncube who then … Continue reading Informal sector rejecting $2 notes but Mthuli Ncube says they are still legal tender

EcoCash Agent transaction ban

More misery for EcoCash Agents as RBZ bans Agent to Agent transactions

Word on the street is that EcoCash has started barring Agent to Agent transactions, Agent to Bulk transactions, Bulk to Agent transactions and Bulk to Bulk transactions. The message sent to some EcoCash Agents confirms that the 4 transactions have been banned as per the Financial Intelligence Unit's Directive. The message read: Dear Partner. Agent … Continue reading More misery for EcoCash Agents as RBZ bans Agent to Agent transactions

EcoCash Agent merchant bulk registration portal

EcoCash launches online registration portal for Agents & Merchants

EcoCash has launched an online portal where agents, bulk payers, merchants and payroll partners can do registrations without needing to physically visit an EcoCash shop. EcoCash has introduced this platform in response to the Covid-19 pandemic which is necessitating social distancing. EcoCash's CEO, Natalie Jabangwe said: As a digital business we continue to innovate around … Continue reading EcoCash launches online registration portal for Agents & Merchants