Has Africa Been Left Behind by Formal Financial Services?

AFRRI report looks at eight countries from Sub-Saharan Africa, comparing various metrics to determine the maturity of the current financial services in each country, and highlighting areas of opportunity for formal retail banking. Produced by Calleo, a South African based marketing consultancy, in consultation with iVeri Payment Technologies, Africa’s leading payment solution provider, the report

CBZ Launches Zimbabwe’s First Integrated Mobile App – CBZ Touch

Why a Mobile Application? As CBZ our drive and passion is to “offers customer convenience and customer satisfaction by providing innovative low cost products utilising state-of-the art technology efficiently and effectively processing high speed and high volume transactions” The launch of CBZ Touch resonates well with this drive. CBZ Touch is Zimbabwe’s first financial services

Telecel Introduces Telecash Bundles

Telecel Zimbabwe has introduced Telecash bundles that allow subscribers to send money, cash out and pay bills at no charge once they have paid a once-off monthly fee of either $2.50 or $5. The newly introduced Telecash bundles will allow subscribers to send money, cash out and pay bills at no charge for 25 days

MoneyGram Announces Collaboration with Econet Wireless

MoneyGram, a global provider of innovative money transfer services, and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The new offering means that more than 4.9

Steward Bank in New Banking Model

Steward Bank, a subsidiary of Econet Wireless has introduced a new banking concept. The new model, known as correspondence banking, is a system where a financial institution provides services on behalf of another equal or unequal, financial institution. Through correspondence banking, the financial institution can conduct business transactions, accept deposits and gather documents on behalf

Steward Bank Launches MasterCard World Rewards Credit and Debit Cards in Zimbabwe

Steward Bank has launched the first MasterCard World Rewards Credit and Debit cards, giving cosmopolitan customers access to unique privileges and rewards not seen before in Zimbabwe. This affirms Steward Bank’s position as a leading innovator in the country’s growing financial services sector. The premium card programme was launched at an exclusive golf day at