#ecocash

Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile

Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch.

Reserve Bank of Zimbabwe Suspends Mobile Money Service

Owned by banks, Zimswitch is the current payments switch to the same…

EcoCash to become just a wallet, RBZ says everyone must connect to ZIMSWITCH

So this happened:

PRESS STATEMENT

DESIGNATION OF ZIMSWITCH TECHNOLOGIES (PRIVATE) LIMITED (ZIMSWITCH) AS A NATIONAL PAYMENT SWITCH

In accordance with the provisions of the National Payment Systems Act [Chapter 24:23] and the Banking (Money Transmission, Mobile Banking, and Mobile Money Interoperability) Regulations, Statutory Instrument 80 of 2020 (the Regulations), the Reserve Bank of Zimbabwe…

Econet say Ecocash airtime and bundles recharge still being worked on

Yesterday Econet Wireless went dark nationwide. They seem to have restored services for calls and data.

However, they are still working through issues with Ecocash airtime and bundles purchases through their USSD platforms.

NOTICE TO CUSTOMERS

Dear Valued Customer

We regret to advise that you may face recharging challenges on *151# (Ecocash) or *143#. As we work to resolve please consider using…

EcoCash, OneMoney and Telecash must now pay interest on daily balances held by their customers at a rate equivalent to 50 percent of the prevailing yield on Treasury Bills, which these days is between 13 percent and 15 percent a year or around 0.02 percent a day.

The new rules which were gazetted yesterday by Finance and Economic Development Minister Prof Mthuli Ncube using his powers under…

How Do I Get My Zesa Token On EcoCash And Use For Transactions » Data Plan Bundle

How Do I Get My Zesa Token On EcoCash And Use For Transactions » Data Plan Bundle

ZESA simply mean the Zimbabwe Electricity Supply Authority, with a registered name that is ZESA Holdings (Private) Limited, which happens to be a state owned company whose task is primarily to transmit, generate and distribute electricity in Zimbabwe. The electric company have organized this by delegating tasks to…

Zimbabwe is hiking mobile money taxes to plug its fiscal deficit but it could backfire

Cash-strapped Zimbabwe has turned to mobile money for additional treasury funding with a hike in taxes for mobile wallets and electronic payment transactions.

Zimbabwean business owners and consumers in the country say the new fiscal measure will push up costs in an economy already battling rising inflation and currency shortages. In a country with a history of cash shortages, multiple currencies…