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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 to 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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More details revealed regarding EcoCash rewards – Here’s what’s up for grabs
We wrote an article on EcoCash Rewards – a promotion by EcoCash that rewards the mobile money service’s users for transacting. Unfortunately, that piece was devoid of detail and as a follow up to some...
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OneMoney & Telecash would do well to learn from EcoCash Rewards
It’s been a little over a month since we crossed the threshold of interoperability. We can now send money from an EcoCash wallet directly to OneMoney, Telecash and bank accounts directly. This, at...
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EcoCash system maintenance to disrupt bank to wallet services
EcoCash has announced that they will be carrying out a planned system maintenance from 23:00 on the 7th of November 2020 to 06:00 on the 8th of November 2020. The full statement reads as follows:...
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Have the banks taken full advantage of the restrictions put on EcoCash?
Before the national switch deadline, we published an article that spoke of the parties that stood to gain from EcoCash’s demise. Ok, maybe demise isn’t the right word because even though EcoCash was...
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EcoCash rewards extended to remittances
Judging by social media posts as well as responses to the few articles Techzim has written about the EcoCash Rewards campaign, the promotion seems to be quite popular. The mobile money operator is now...
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No EcoCash option in the Steward Bank ZIPIT menu, Strange…
It’s a little under two months since ZimSwitch was anointed the National Switch and ushered in an era of true interoperability. We should be able to send money from EcoCash to bank accounts and all...
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Cassava responds as to why Steward Bank customers can’t send money to EcoCash...
Yesterday we reported on an oddity that cropped up in the payments space. Steward Bank customers can’t send money from their bank account to EcoCash directly and this the same for EcoCash. This isn’t...
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You can now redeem your own EcoCash Rewards points
I am pretty sure a good number of you are tired of hearing the words “EcoCash” and “Rewards”. The initial rollout had a very messy points redemption process when the promotion debuted. Customers had...
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Cassava Smartech’s revenue fell by 34% for period ending 31/08/20
Cassava Smartech has released its financial statement for a six month period that ended in August 2020. The Group recorded a revenue decline of 34%, ZWL$5.4 billion for the six months ending 31 August...
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Why can’t we convert airtime to money in an EcoCash wallet?
Converting airtime to money in an EcoCash wallet might be a transaction that not many people need. It’s something that I only recently lacked when I accidentally bought too much airtime and I called...
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Beware of investment scams operating via EcoCash
“Cash Base Investors” is a group that has been making off with people’s money. The group asks people to send them money over EcoCash promising them a 100% payback within 5 days. From what we have been...
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Techzim’s bank of the year – FBC Bank
We will all look back on 2020 as the year when digital platforms gained ever more increasing importance. This is of course because of the COVID-19 pandemic. A number of industries have had to shift...
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