MOBILE telecommunications company Econet Wireless is finalising a new, innovative EcoCash platform that will see an increase in the volume of remittances to Zimbabwe.
Report by Staff Reporter
In a statement yesterday, Econet said the platform, which has been under construction in the last nine months, would allow Zimbabweans living in South Africa, who use Econet Wireless South Africa Call Home SIM cards, to load money into their cell phones and send it instantly to an Econet number.
The recipients in Zimbabwe would then be able to cash out the money at any EcoCash agent, according to Econet Services’ chief executive officer Darlington Mandivenga.
Econet, he said, was currently working on a soft launch of the new service with its partners in South Africa in selected areas.
The launch has been scheduled for September.
“Once the amount reflects on a cellphone in Zimbabwe, the beneficiary can cash out using any of the nearly 7 000 EcoCash agents countrywide,” Mandivenga said.
“Our research suggests that by making it quicker and easier to send small amounts, of as little as R5, at any time, we will see a massive inflow of money, just like we see on EcoCash here at home.”
He said EcoCash remittances would be the biggest source of foreign currency in the economy by the end of the year.
The platform would also be used to get remittances from Botswana and Zambia by the end of the year before it expands to the United Kingdom and the United States.
Statistics show that Zimbabwe accounts for the bulk of the cross-border remittances market, and more than R6,7 billion, which translates to 60% of total Sadc remittances, is estimated to be sent to Zimbabwe from South Africa each year.
Ko kana isusu tichida kutumira mari South Africa? Why does Econet seem to think its a one way process?
they must make it a two way process bcz we wanna send cash to our relatives in SA
Why send to Econet numbers only?
Wange uchida kutumira kupi iwe…
That’s a gud achievement keep it up Econet.
Tanga tajaira Mukuru.com
Ndiani uyo anoda kutumira mari ku SA? Sending money to SA is like sending back coal to Hwange.
what about us who use telecel
Yaa zvitoribhoo tanzwa kubirwa nevemabhazi,hatichada kupota tichiisa mari muvasiline
Makapenga kkkkk welldone!dai matanga mangwana
Twoway is better mr masiiwa
Mukuru anoti wait 4 0ne hour no resposne my vachamuka competion kahwani
asiwo mimwe mubvunzo ….kana uine number ye telecel enda unobvunza ve telecel ka nhai
i think its a good idea.
Mjava,we have kids learning in SA so don’t talk about sending back marasha kuHwange. If they are no exchange control issues Econet should make this a 2 way process
iwe haikona kuvata mwana ari ku sa kuchikoro anoda mari
ko Namibia murikuisirei mudhiri iri nhai Mr Mandivenga!!!
That’s great I like keep it up matibatsira zvakanyanya
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