3,5 million registered for EcoCash

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ZIMBABWE’S largest mobile phone operator by subscription Econet Wireless has registered over 3,5 million subscribers on its EcoCash mobile money platform, a company executive has said.

Tarisai Mandizha

He said the mobile phone operator was targeting eight million subscribers by year end.

Econet Services chief executive officer Darlington Mandivenga told NewsDay that: “We have since grown the number of EcoCash registered customers to over 3,5 million, but what is important for us is that the usage is increasing.

“We are seeing more people, especially in the rural areas, beginning to use the Eco-Cash service. Our desire is every single one of our customers to be on EcoCash.”

Mandivenga said Econet would continue to introduce new products aimed at improving the lives of its customers.

“Our innovation programme has continued to introduce new products, from sending and receiving money. People are now able to make all sorts of payments, including paying salaries. We have introduced the savings account (EcoCashSave) and especially those who are on the bottom of the pyramid are now able to save,” he said.

Mandivenga said EcoCash has been operating for the past two years and Econet will continue to introduce more innovative products on the market.

Last week, Econet launched a new initiative, EcoSchool, at the University of Zimbabwe aimed at capacitating students in Zimbabwe by making books available at a cheaper price.

Commenting on the launch of EcoSchool, Mandivenga said the idea of EcoSchool went beyond simply making books available at a cheaper price for students, but was part of a strategy to help students and their lecturers gain access to materials and courses from across the globe.

Mandivenga said EcoSchool offered digital education for all by giving access to quality information, anywhere and at any time.
“Our desire is to provide solutions to problems that are being faced in Zimbabwe; we want to make sure that we improve financial inclusion; we want to improve access to education, and we want to improve access to health,” Mandivenga said.

EcoSchool, currently being run as a pilot project, is expected to be rolled out to other universities.

15 COMMENTS

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  1. Econet services are expensive,better to board a combi and give someone his money otherwise you will lose a lot of money through charges.

  2. Thank you Econet. You have made life easier for us in the rural areas. Please explain the ecoschool facility? Is it accessing books via the web, like setting a library on the university website where you can access e-books as well as having a view on whats available in the physical libarary? Something like Shiboleth?

    • @Inspired
      Ahhh nxaaa, usatisembura ne’hero’ worshiping isina nebasa rese iwe. No doubt, Ecocash has done a lot of good and brot abt convenience, but this “Strive man of God” hee Strive this… is just nonsense. Dai pasina ini vendor Strive wako iyeye angadai asina zvese zvaurikutaura izvi. So everyone is inspired to do WATEVER they are doing.

  3. from my airtym disappearing in my account to excessive ecocash charges, i jumped ship,try cabs txtacash you are charged $3 for withdrawing 300 and zero dollars for buying airtime or sending money while ecocash charges $10.now there is telecash cant wait to see transactional fees.as for having a safe airtym account telecel zvazvinhu am guaranteed to having my airtym and having promotions that rly work for being told to convert my airtym to bundles then told that my airtym and data package has expired ,since when does money expired!!!! only in this world with econet money expires in 5 days what a shame

  4. i think econet, though a leader in the market, is failing its loyal clientele. the pricing and packaging of their ‘deals’ leaves the client without any ‘benefit’. we encourage the econet team to give more to their clients before more of them jump ship.

  5. i think we need to be truthful. if it was not for the government policies and its interference econet would have now been far and would have now helped more people than it is doing now. do you remember just last year when they were refused to put their prices down because it would have tel-one telecell out of business . funny isn’t it. as for strive he is a God given friend unless you are friend to philip chiyangwa.

  6. *179# is not working yet there are full page newspapers adverts telling us to go to *179# to get airtime on credit. I ran out of airtime kuruzevha parufu and had to drive 15 km to get airtime. Nxaaaaa mhani.

  7. Congratulations for the innovations but allow me to register a few reservations concerning your services:
    1. Your airtime charges are on the high side compared to your competitors
    2. Your Eco cash service charges are too high especially with the additional levy by government.
    3. The expiry period for your texts is too short. How ca one be expected to utilise 15 txts in less than 3 days especially when one is also using voice.

    4. There is no corresponding value in bonus txts when one buys bulk airtime using ecocash meaning one would rather buy airtime $1.00 at a time.
    6. How and when is the interest with EcoSave calculated?

    7. Has anyone ever really won anything in your unending 34443 competitions?
    Once again well done for the new innovations but please don’t ignore the old ones.
    5.

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