Three million Zimbabweans who use the EcoCash Wallet can now also operate a savings account. Econet Wireless has launched a new service called EcoCashSave, which allows an EcoCash customer to move money from their eWallet to an interest bearing account in a matter of seconds. Whilst banks generally do not give interest on deposits of
The volume of remittances coming into Zimbabwe could easily be trebled if the process of sending money is put on Econet Wireless’ EcoCash platform. After nearly nine months of development, Econet says it is now putting the final touches to a platform that will allow remittances to be made between South Africa and Zimbabwe. Zimbabweans
Econet Wireless’ mobile money service, EcoCash, has jumped off the starting blocks registering 31% of Zimbabwe’s adult population in just 18 months. EcoCash accounts already outnumber all of Zimbabwe’s bank accounts combined. How has EcoCash achieved such early success? They have combined effective operational execution with an unusually high degree of investment and organisational focus.
