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
EFInA lifts Nigeria mobile banking with $1.5mEnhancing Financial Innovation & Access (EFInA) boosted the mobile money sector by splashing $1.5 million or about N421.5 million from its Innovation Grant on Diamond Bank’s Diamond Y’ello Account (DYA), a mobile banking platform which was built on MTN Xaas platform. Read More
KCB M-PESA loan disbursements cross KSh10B markRevolutionary mobile-based bank account KCB M-PESA has advanced KSh10.3 billion in loans to its customers since inception about two years ago, boosting access to credit in Kenya. Read More
Airtel Money, WAEC enable candidates to check their results onlineAirtel Money is enabling the purchase of the West African Examination Council (WAEC) results checker pins on its platform. Read More
Airtel Money Card is now back, with online paymentsAirtel Kenya has announced the return of its Airtel Money Card, enabling card holders the convenience of shopping, online payments and easy access to funds 24 hours a day. Read More
Daystar University pioneers smartphone-based degree programmesDaystar University has announced a strategic partnership with OneUni to launch Africa’s first smartphone-based degree programmes, the first of which is a Bachelor’s of Education for existing and aspiring teachers. Read More
MTN Ghana stimulates discussion on cashless societyAs part of its 2016 Mobile Money Month celebration in the country, MTN Ghana has revisited the discussion on a cashless society and the need for stakeholders to take a critical look at its benefits again. Read More
WorldRemit calls for urgent restoration of money transfers to NigeriaHundreds of global remittance companies have been forced to cease transfers to Nigeria, says WorldRemit. Read More
Mobile Money – the paradox of costly convenienceThe convenience of mobile money is being offset by the increased risk of fraud, report Kampala residents. Read More
Uber Kenya faces looming drivers’ strikeKenyan drivers for digital taxi service Uber have threatened to embark on a strike from today over fare price cuts. Read More
Uber offers cashless payments in Accra through SMSGHUber, the innovative app that connects riders with drivers, has revealed to Biztechafrica that it has partnered with SMSGH to provide mobile payments to the Greater Accra Metropolitan Area (GAMA). Read More
FEATURED STORYFinancial services sees AI as both opportunity and threat
Banking is already a key area where technology is having an impact throughout Africa, and a new survey assesses the impact artificial intelligence will have on this sector.
BEST READ NEWS
IN DEPTHAccess and Use of ICT stats released
Statistics Botswana has released the first results of the 2014 Information and Communication Technology Household Survey.
COMPANY NEWSTigo explores options to give customers a greater choice for 4G services in Ghana
Following her recent visit to Ghana, Cynthia Gordon, the CEO of Millicom Africa, has emphasized the remarkable growth opportunities in data and Tigo’s commitment to giving customers ...