POSB set to launch mobile banking
ZIMBABWEBy BiztechAfrica - Aug. 10, 2012, 6:12 p.m.
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.
MORE ZIMBABWE NEWS
EcoCash to offer lendingEcoCashSave account holders will soon be able to also borrow money just like ordinary bank account holders. Read More
Econet in wind power projectEconet Wireless has joined an initiative led by Danish wind energy group Vestas to build small wind power generators across Africa. Read More
Econet invests $1.2bn in 15 yearsEconet Wireless Zimbabwe has revealed that it has invested $1.2 billion in the Zimbabwean economy since it was started 15 years ago. Read More
Mboweni: investment, innovation key to telecoms successInvestment and innovation are the key to success in telecoms the world over, says Econet Wireless CEO Douglas Mboweni. Read More
Econet: new services drive growthNew services such as EcoCash, broadband, and EcoFarmer have begun to drive Econet Wireless Zimbabwe’s growth, says CEO Douglas Mboweni. Read More
StartupBus ready to roll30 entrepreneurs are set to embark on a unique journey next month, when the first StartupBus African tour begins. Read More
EcoCash now offers savingsThree million Zimbabweans who use the EcoCash Wallet can now also operate a savings account. Read More
THI Insurance Selects Agilis Core General Insurance SoftwareAgile Financial Technologies has announced that it has won the contract to deploy Agilis Core General Insurance software for THI Insurance in Zimbabwe. Read More
Nano Appliance Centre champions first SAP ® Business One OnDemand Cloud implementation in ZimbabweNano Appliance Centre, a leading supplier of household appliances and goods, has implemented SAP ® Business One OnDemand. Read More
FEATURED STORYGaming app introduces investors to trading
A new virtual stock market app is equipping would-be investors with the skills they need to trade.
BEST READ NEWS
IN DEPTHText messaging makes mama mbogas’ lives easier
Innovative students have initiated a programme using text messaging, to aggregate demand and save money for Nairobi’s ‘mama mboga’ vegetable sellers.