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.
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Country
Zimbabwe
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Population
16.7 million (estimated)
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Number of Internet users
5.48 million (estimated)
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Popular payment methods
E-Wallets, Cash, Debit Cards, Credit Cards, Bank Transfers
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Credit Card
5%
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Debit Card
25%
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E-Wallets
40%
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Cash Payments
25%
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Bank Transfers
4%
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Other
1%
- 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.
Pricing request
Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.