More payment methods

Econet Ecocash

EcoCash enables customers to complete financial transactions directly from their mobile phone. Developed by the Econet telecommunications group, it operates primarily in Zimbabwe.

% of coverage
  • Country

    Zimbabwe

  • Population

    16.7 million (estimated)

  • Number of Internet users

    5.48 million (estimated)

  • Popular payment methods

    E-Wallets, Cash, Debit Cards, Credit Cards, Bank Transfers

% of coverage
  • Credit Card

    5%

  • Debit Card

    25%

  • E-Wallets

    40%

  • Cash Payments

    25%

  • Bank Transfers

    4%

  • Other

    1%

Payment Method Overview
  • Type: Mobile Money, E-Wallet
  • Currency: Zimbabwean Dollar (ZWL)
  • % of coverage: 80% of mobile users in Zimbabwe (estimated)
  • Money transfers to date:USD 3-5 billion annually (estimated)
  • Total customers: 10 million (estimated)
  • Refunds:Yes (limited by transaction type)
  • Chargebacks: No

Econet Ecocash

EcoCash is a mobile payment solution designed for Econet customers in Zimbabwe. It offers a wide range of financial services through a simple and secure mobile platform. This mobile wallet allows users to conduct a variety of transactions, from sending money to paying for goods and services, making it a versatile tool for both personal and business financial management.

For private users, EcoCash provides a convenient way to manage everyday financial transactions directly from a mobile phone. Users can:

  • Transfer money across all networks quickly and securely
  • Pay bills, including school fees, utility bills, and TV subscriptions, all from the comfort of their homes.
  • Withdraw and deposit money into the EcoCash wallet at numerous locations.
  • Purchase prepaid airtime, text, and data bundles for yourself or other subscribers, or pay for direct connect accounts.
  • Make online payments, a safe alternative to traditional banking methods.
  • Receive money from abroad.
  • Save money and access microloans directly through the EcoCash platform.

For businesses, EcoCash offers an efficient way to receive payments for goods and services. The platform’s features are designed to streamline transactions and improve customer satisfaction. Merchants can accept payments through the EcoCash platform, expanding their payment options and catering to a wider customer base. QR Scan & Pay feature allows customers to make quick payments using the QR code on the EcoCash app. Transactions take seconds, and no POS machine is needed. Customers simply scan the QR code, pay, and go, making the checkout process faster and more efficient.

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Pricing

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