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

Telecel Go reduces cost of calls to all networks

Telecel has launched a new pre-paid service platform called Telecel Go, which removes the boundaries between networks and reduces the cost of calls across all networks significantly. Read More

Axis Solutions becomes first VMware Premier Partner in the WECA Region

Axis Solutions, a Pan-African ICT solutions provider headquartered in Harare Zimbabwe, is the first VMware partner to become a Premier Partner within the WECA region.   Read More

Huawei hosts Broader Way Forum 2014 in Zimbabwe

Huawei has hosted its inaugural ICT Forum in Zimbabwe, aiming to help revolutionise the way the country responds to technological advancements. Read More

Masiyiwa named among ‘greatest leaders’

Econet Wireless founder and Group Chairman, Mr Strive Masiyiwa, has been named among Fortune Magazine’s ‘World’s 50 Greatest Leaders’. Read More

Econet hands over training base station to UZ

Econet Wireless has handed over a base station to the University Of Zimbabwe Faculty Of Engineering to help students gain practical knowledge in mobile phone technology. Read More

Entries open for Econet Victoria Falls Marathon

Entries are open for the 2014 Econet Victoria Falls Marathon and Half Marathon, to be staged on 29 June. Read More

Econet supports Tokwe-Mukosi flood aid drive

Econet Wireless has joined the government, aid agencies and other concerned partners to send humanitarian aid to thousands of distressed people that have been affected by the flooding at Tokwe-Mukosi dam. Read More

Zim to stage e-Tech Africa Expo

Zimbabwe’s Ministry of Information Communication Technology (ICT), Postal and Courier Services will stage an e-Tech Africa expo conference and exhibition from 11 – 14 March 2014.  Read More

Employers turn to EcoCash

The number of companies using EcoCash to pay their workers has risen dramatically, says Econet. Read More

Econet supports anti-poaching initiatives

Econet Wireless has donated two new patrol trucks and a consignment of solar lamps to the Zimbabwe National Parks and Wildlife Authority, which will be useful in the fight against poaching. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan shift to Green Economy would generate USD 45bn by 2030 Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.