EcoCash extends services
VALUE ADDED SERVICES| Aug. 10, 2012, 7:29 a.m.
Zimbabwe’s EcoCash has been given new features to extend its usability.
EcoNet reports that its EcoCash service is already enjoying rapid uptake, driven by its convenience and a short supply of bank notes in the country.
The company has now activated a feature which enables it to create a seamless link into all the banks, allowing customers with bank accounts to move money into an electronic wallet, from anywhere in the country.
The new service also allows businesses to accept payment in EcoCash instead of cash. Once they receive such payment, it is automatically credited to a bank account as real cash.
Econet also owns a company called TPS, which operates most of the country's credit card terminals that already accept Visa, iMasterCard and American Express cards.
The company is now installing software which allows retailers to accept EcoCash through these same terminals.
Douglas Mboweni, Econet Wireless Zimbabwe CEO, says EcoCash has completely changed the way Zimbabwe does business. He predicts it will have a greater impact than even M-PESA has in Kenya.
MORE VALUE ADDED SERVICES NEWS
Safaricom-Equity battle for mobile banking hots upEquity bank's entry to the mobile banking and telephony industry is still hanging in the balance with London-based global association of mobile operators (GSMA) calling for independent audit. Read More
Airtel Uganda money transfer voted best digital financial serviceAirtel Uganda was voted the Best Digital Financial Service of the year at the Digital Impact Awards Africa held at the Sheraton Kampala Hotel. Read More
DRC civil servants hail mobile banking, ICTsCivil servants in the Democratic Republic of Congo (DRC) have described mobile banking as the ‘biggest miracle’ of the 21st century. Read More
Streamed services to push digital music sales to $14bn by 2019A new report from Juniper Research found that the digital music industry will experience slow growth in revenue over the next 5 years, from $12.3bn this year to $13.9bn in 2019. Read More
Airtel, Tigo launch cross-network money transfer service in TanzaniaBharti Airtel has announced the introduction of a service that will allow customers send and receive between Airtel’s mobile money service and that of Tigo in Tanzania. Read More
Airtel, VeriFone Mobile Money speed up merchant enablementBharti Airtel and VeriFone Mobile Money have reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap n Pay across Airtel’s 17 operating countries in Africa. Read More
Safaricom cuts fees on low and medium value M-PESA transfersSafaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands. Read More
Stakeholders meet over Ghana mobile moneyStakeholders from Ghana’s financial and telecoms industry have held talks at an MTN Stakeholders Forum in Accra to discuss the way forward in the quest to make Ghana a cashless society. Read More
Village saving associations get mobile money productAirtel Uganda, Grameen Foundation and Plan Uganda have introduced a new Group Savings product for Village Savings and Loan Associations. Read More
FEATURED STORYSafaricom-Equity battle for mobile banking hots up
Equity bank's entry to the mobile banking and telephony industry is still hanging in the balance with London-based global association of mobile operators (GSMA) calling for independent audit.
BEST READ NEWS
IN DEPTHKenya rolls out e-extension to improve agriculture
In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.