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

$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

Reserve Bank of Zimbabwe RBZ internal transfer ban

RBZ makes a U-turn on number of internal transfers per day

The Reserve Bank of Zimbabwe has made a U-turn from the Directive which instructed banks to limit customer's internal transfers to just 2 per day. The removal of the Directive means customers can now do more than 2 internal transfer transactions per day. The Directive was reportedly lifted after the Banker's Association of Zimbabwe intervened … Continue reading RBZ makes a U-turn on number of internal transfers per day

Man holding Zimbabwe dollar

You will get arrested if you show off cash on social media – Mangudya

You may need to think twice before you flaunt that stack of money on social media otherwise you will be in for it with the law enforcement authorities. This was revealed by the Reserve Bank of Zimbabwe's Governor, Dr. John Mangudya. Dr. Mangudya revealed to Sundaynews that folks who find joy in flaunting their cash … Continue reading You will get arrested if you show off cash on social media – Mangudya

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

EcoCash bank to wallet

Check out the new EcoCash Bank-to-wallet limits for all banks

The ubiquity of EcoCash urges people to move money from their bank accounts to their EcoCash wallets to be able to do transactions anywhere in Zimbabwe. This can be done through the bank-to-wallet facility or swipe-into-EcoCash facility. When it comes to the bank-to-wallet facility, there are limits to how much money you can can move … Continue reading Check out the new EcoCash Bank-to-wallet limits for all banks

EcoCash speaks on purchasing electricity tokens, ZESA clarifies on myth of buying tokens within 5 days

It's literally a dark Monday for many households around the country as they failed to buy ZESA electricity tokens on virtually all platforms. This is all down to ZESA's system getting overwhelmed by a flood of purchases customers are trying to make. EcoCash, which has arguably the most used platform to buy ZESA tokens, issued … Continue reading EcoCash speaks on purchasing electricity tokens, ZESA clarifies on myth of buying tokens within 5 days