POSB set to launch mobile banking

ZIMBABWE

|
Image: By BiztechAfrica
POSB set to launch mobile banking

By Alfonce Mbizwo, Harare, Zimbabwe

Zimbabwe’s Post Office Savings Bank (POSB) says it will launch a mobile banking platform next month as it seeks to increase its product range.

Chief executive Admore Kandlela said that the bank’s platform will operate on all three networks, Econet, NetOne and Telecel and would offer much cheaper rates than the market.

The bank is a leading agent of Econet Wireless’s popular Ecocash, a mobile money transfer service, and Kandlela said that the bank would continue to offer the service despite being direct competitors.

Another mobile service provider, Telecel also runs its own mobile banking platform under the Textacash banner.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE ZIMBABWE NEWS

Econet launches Connected Car service

Econet has launched yet another revolutionary product branded the Econet Connected Car. Read More

Schneider Electric signs exclusive off-grid solar distribution agreement with Zimbabwean firm

Schneider Electric has announced the signing of an exclusive agreement with Samansco, a Zimbabwean renewable energy, back-up power and appropriate technology company. Read More

Telecel launches mobile insurance

Telecoms operator Telecel Zimbabwe is partnering with local insurance company, Zimnat Lion, to roll out a mobile insurance product that offers Telecel subscribers Funeral, Hospital and local and international Travel Cover through their Telecel lines.  Read More

Zim moots new taxes on telecoms

Zimbabwe’s Minister of Finance and Economic Development, Hon. PA Chinamasa, has proposed new taxes on airtime, data and handset costs among moves to raise additional revenue. Read More

US dignitary hails Econet official

US Secretary of State John Kerry has given special recognition to a young Econet Wireless Zimbabwe official who works for the company's mobile money service, EcoCash. Read More

Econet: paper money to become obsolete

Econet Wireless has predicted that Zimbabweans will stop using “paper money” by the end of next year as people adopt cards to transact. Read More

EcoCash launches MasterCard debit card

Econet’s Mobile Money service has announced an agreement with MasterCard expected to help reduce cash dependence and increase financial inclusion through the provision of electronic payments in Zimbabwe. Read More

Econet rejects base station report

Econet Wireless has released a statement refuting recent media reports around its importation of base stations. Read More

Free Twitter on Econet

Econet Wireless is now offering free access to Twitter to all subscribers on Econet Broadband.  Read More

Econet signs Kirsty Coventry as brand ambassador

Econet Wireless Zimbabwe has partnered with champion swimmer Kirsty Coventry as its official Brand Ambassador.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Growing African focus on data securityGrowing African focus on data security

Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.  

COMPANY NEWS

VMware reports third quarter 2014 results

VMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter ...