Category: Mobile Money
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Scammer uses Econet line to steal $2.5 million ZWL
Read More: Scammer uses Econet line to steal $2.5 million ZWLZRP has warned people to be wary of deals started and concluded solely on social media as there has been an increase in cases of fraud involving social media. In a recent case, a scammer used someone else’s Econet Line to register for WhatsApp and managed to swindle his/her victims of about $2.5 million ZWL.…
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You can now pay 50% of car import duty in RTGS
Read More: You can now pay 50% of car import duty in RTGSEveryone has been busy saying how the Zimbabwean dollar which is otherwise known as the RTGS dollar has one foot in the grave. Turns out that memo hasn’t reached the authorities who are doubling down and trying to save it. One government measure that sparked the demise was the law that requires everyone importing a…
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There is now an acute shortage of Econet scratch cards, here is how you can cheaply buy airtime using cash
Read More: There is now an acute shortage of Econet scratch cards, here is how you can cheaply buy airtime using cashThere is an acute shortage of Econet airtime scratch cards at the moment. This began a few weeks ago when there was suddenly a dearth and most tuckshops and airtime vendors ran out and could not restock as their usual suppliers also had run out. It’s not clear what is going on but it seems…
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FBC reviews its swipe limit to 300 000 ZWL per day
Read More: FBC reviews its swipe limit to 300 000 ZWL per dayFBC recently announced that they had reviewed their daily swipe limit from the previous 150 000ZWL per day to 300 000 ZWL per day for individuals. Corporates now have a daily limit of 500 000 ZWL from 50 000 ZWL per day. FBC also reviewed the limit from 25 000 ZWL to 50 000 ZWL…
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Government Loosens The Shackles On Mobile Money, You Can Now Spend $35 000 ZWL/Day
Read More: Government Loosens The Shackles On Mobile Money, You Can Now Spend $35 000 ZWL/DayThis week Ecocash, the operators of the largest mobile money wallet in Zimbabwe released some depressing statistics. The total value of mobile money transactions had fallen by a whopping 11% compared to the previous period. The drop in volume was not even a mystery: the punitive $5 000 ZWL per day transaction limit was to…
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Ecocash Joins ZIMSWITCH, You Can Now Send And Receive Money To And From OneMoney And Telecash
Read More: Ecocash Joins ZIMSWITCH, You Can Now Send And Receive Money To And From OneMoney And TelecashThis was something people have been asking for a long time. Ecocash has always resisted it but this time they had no choice but to comply with a government directive asking them to join ZIMSWITCH’s ZIPIT platform. Now you can send money to any mobile wallet as long as it has ZIPIT functionality. This means…
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Is The Newly Launched ZIPIT Smart The End Of Ecocash?
Read More: Is The Newly Launched ZIPIT Smart The End Of Ecocash?Let me put it this way. If banks had launched ZIPIT Smart seven years ago, Ecocash would probably never have grown to be the juggernaut it is today. Instead, they only launched the service this week but there is an opening in the market because the Reserve Bank of Zimbabwe recently capped Ecocash (and other…
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If You Hurry You Can Still Choose The Ecocash Line You Want To Keep
Read More: If You Hurry You Can Still Choose The Ecocash Line You Want To KeepAccording to Econet/Cassava Smartech, yesterday 6 September 2020 was the deadline for choosing which Ecocash line you want to keep. The sad thing is that not a lot of people knew about this. Most of us have sort of trained ourselves to just ignore most of the spammy messages we receive from Ecocash and apparently…
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Telecel Completes Their Airtime System Upgrade
Read More: Telecel Completes Their Airtime System UpgradeIf you have been having airtime related issues with your Telecel account over the past 24 hours or so there is a reason. Telecel, it would seem, were in the process of effecting a “major” airtime system upgrade resulting in disruptions. Some customers reported buying airtime but not receiving it-something us Ecocash customers are quite…