The Broken Reserve Bank Website
Today I was going through an article we’ll post shortly on ICT security in Zimbabwe. In the article, reference was made by the writer to the fact that there are no major information security compliance...
View ArticleEcoCash Mobile Money: Interview with Econet Services CEO
Last week, after a tour of EcoCash Business (well, EcoCash Commuter mostly), we got the opportunity to interview the Econet Services CEO, Darlington Mandivenga and Econet Wireless Mobile Money...
View ArticleVpayments may not be for everyone
When mobile payments were introduced in Zimbabwe, I thought here is the chance for me to sell my book to Zimbabweans who do not have Visa cards, MasterCards etc. I made my first call to Big Bank in...
View ArticleSome noteworthy discussion points from the ePayments Forum
As party of the ongoing discussion following the ePayments Forum that was held exactly two weeks ago, we’ve decided to post here the main issues that came out of the event. You can read more about the...
View ArticleCABS starts accepting internet merchants as Vpayments goes live
CABS, one of the 6 local financial institutions that have been piloting the Zimswitch Vpayments online payments platform, is now rolling out the service to merchants after getting approval from the...
View ArticleReserve Bank of Zimbabwe to establish mobile money regulation
The Governor of the Reserve Bank of Zimbabwe (RBZ), Gideon Gono, announced yesterday the introduction of a deliberate legal and regulatory framework for Mobile Financial Services. The announcement was...
View ArticleEconet reviews EcoCash mobile money transfer tariffs
Econet has announced through adverts in the press the 'reduction' of tariffs of its mobile money transfer service, EcoCash. The move follows a directive from the Reserve Bank of Zimbabwe (RBZ) and...
View ArticlePayment systems in Zimbabwe: The past, present and the future (Part 1)
This analysis shall be in three parts. To thoroughly assess the payments landscape in Zimbabwe, I shall use three frameworks, or if you like, perspectives or concepts. These are; disruptive innovation,...
View ArticleTelecel complains to POTRAZ over access to EcoCash agents, directed to RBZ
It appears the war for mobile money agents is escalating as we can reveal that Telecel lodged an official complaint with POTRAZ alleging that Econet is sabotaging their access to mobile money agents....
View ArticleEconet denies auto-registering customers to EcoCash. But it doesn’t add up
So we finally got a response from Econet PR on the issue of them automatically registering Econet voice subscribers to the EcoCash mobile money service. It’s basically a, “no we don’t do that”...
View ArticleReserve Bank investigating Econet over EcoCash auto-registrations
Last week, allegations emerged that Econet was automatically registering subscribers to its EcoCash mobile money service. The official Econet response to the allegations was a failed spin that tried to...
View ArticleHow to send money to UK
There are instances when you are either travelling or have a friend or relative in the diaspora and need to send money to them. Yes, the flow of funds is not just one way, but undoubtedly more funds...
View ArticleShared mobile money agents: Does this benefit the ecosystem?
It’s been reported that the Competition Authority of Kenya (CAK) has pushed through an order compelling Safaricom, Kenya’s largest mobile operator, to share its mobile money transfer agents with the...
View ArticleMama Money to launch SA-to-Zimbabwe money transfers to Textacash wallets
You might have heard that a new South Africa to Zimbabwe remittance service called Mama Money is coming in the next couple of weeks. The key problem that Mama Money identified is that it’s still very...
View ArticleZim developer comes up with EcoCash ledger app to monitor m-money transactions
Sometime last year we wrote about the M-Ledger Android application that had been launched by Safaricom as an “accounting service” for the mobile money service M-Pesa. It was the product of a Kenyan...
View ArticlePOTRAZ and RBZ crack whip on operators, move to lower mobile money tariffs
Like a lot of other Value added services, mobile money services have always had more than one regulator monitoring activities around service delivery and in a lot of respects, protecting the consumer....
View Article“Forced” to sign up for Ecosure? Here’s how to opt out
When we mentioned how Econet had successfully signed up over 1 million users for its mobile micro-insurance service EcoSure in two months, we also pointed out that some subscribers were forced to sign...
View ArticleMobile money legislative void: regulators like the NPS must do more
The sentiments from the recent Mobile Payments conference are that there is no awareness or adequate legislation in mobile money on the part of all the authorities involved. Even though most of them...
View ArticleZimbabwe’s mobile money legislative void: DPC not in control
The Deposit Protection Corporation (DPC) has a mandate to ensure deposits held by the banks and its role is tested in the mobile money trust fund insurance. As it turns out there is lack of clarity or...
View ArticleLocal mobile money tariff calculator app tweaked, now includes OneWallet,...
A local Mobile Money tariff calculator app released last year has now been tweaked to catch up with some of the changes in local mobile money services. The app it now incorporates calculations and...
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