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
In an effort to reward its most loyal customers, Econet this week introduced a loyalty program, the Econet Platinum Card. Under the program, holders of the loyalty card will get preferential access to some Econet services, Econet shops and the call centre. The members will also get exclusive access to some packages from partner companies
The money transfer and remittance services industry is a big deal and it’s something we understand here in Africa because of the huge monetary inflows from the diaspora. At an annual figure of $64 billion for recorded inflows (this excludes well established informal channels) this industry has attracted a lot of investor attention. On the
Econet Wireless has pronounced a firm refusal to back down on it’s demand on banks to pay a tariff of 30 cents to gain access to its transaction messaging system. This is according to a report in The Herald that quotes Econet Chief Executive Douglas Mboweni reaffirming this stance. According to the article, Mboweni insists
A few days ago, TechZim broke the news that Econet and the banks are finally warming to each other on the issue of banks being granted access to Econet subscribers so they also provide mobile money transfer service to them. The banks are not completely happy yet, but integration talks are on and some of
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