South Africa

ZIMBABWE:NetOne to support electricity sales on One Wallet

CHRONICLE APRIL 142014 ONE of the countrys mobile operators NetOne has entered into a partnership with the Zimbabwe Electricity Transmission and Distribution Company ZETDC which will see the mobile phones One Wallet subscribers able to purchase prepaid electricityIn a statement NetOne said the integration was part of a deal between NetOne and the ZETDC to give customers efficient and convenient services This integration with One Wallet will undoubtedly give customers the convenience to access prepaid electricity credit from anywhere at anytime as Zesa prepaid distribution centres are few and far apart said NetOne The company said ...[...read more]

Filed Under South Africa

Zimbabwe: EcoCash Transfers Exceed U.S.$4 Billion

THE HERALD APRIL 142014 Econet Wireless mobile money transfer service EcoCash has handled over 4 billion since inception in 2011 Group chief executive Mr Douglas Mboweni told Parliamentarians during a familiarisation tour of the mobile phone companys operations yesterday that EcoCash service now boasts 35 million mobile money transfer accounts The number of people impacted by the EcoCash service represents roughly 53 percent of the adult people in Zimbabwe while the figure for those with mobile money accounts is equivalent to about 27 percent of the population According to the Zimbabwe National Statistical Agency figures released las...[...read more]

Filed Under South Africa

Absa launches Payment Pebble

APRIL 082014 BUSINESSTECH Absa has officially launched its longawaited Payment Pebble bringing its mobile payments offering to merchantheld smartphones and tablets First announced in November 2012 Absas Payment Pebble is a result of an agreement between the bank andpayments company Thumbzup The Pebble is a compact mobile device that plugs into the audio jack of compatible smartphones or tablets and once set up allows users to immediately start transacting accepting both MasterCard and Visa chipandPIN and magstripeandPIN credit and debit cards The bank was due to launch the product as a valueadded service to all small business own...[...read more]

Filed Under South Africa

Zimbabwe’s Econet launches mobile money loan service

APRIL 042014 ITWEBAFRICA Zimbabwean users of the mobile money platform EcoCash are now able to access urgent loans of up to 500 using their cellphones With over 3 million users EcoCash run by Zimbabwes largest mobile operator Econet Wireless has sought to solidify its market share through introducing more solutions company officials have said Cuthbert Tembedza a senior executive for EcoCash said on Wednesday that the launch of EcoCash Loans was a followup to EcoCash Save a savings account run in partnership with Steward Bank Econet Wireless founded by telecommunications tycoon Strive Masiyiwa has a majority stake in Steward Bank ...[...read more]

Filed Under South Africa

Zimbabwe:Mobile money agents resist EcoCash directive

MARCH 312014 ITWEBAFRICA The Mobile Money Transfer Agents Association of Zimbabwe MMTAAZ is resisting a recent directive by Econet Wireless requesting its EcoCash agents to register at least five new subscribers per day saying the directive should be backed by financial incentives The MMTAAZ is a new representative grouping for mobile money transfer agents It recently lobbied for its members not to be tied by exclusive contracts barring them from offering rival operators mobile money services The mobile money transfer service sector has become lucrative in Zimbabwe especially on the back of bank charges that are considered high Mobile m...[...read more]

Filed Under South Africa

Zimbabwe:Econet, banks set to finalise on tariffs agreement

MARCH 252014 NEWSDAY THE countrys leading mobile operator Econet and local finance institutions were set to sign an agreement that would see Zimbabweans enjoying lower banking tariffs it has been learnt FBC Holdings chief executive officer John Mushayavanhu said once banks were put on Econets Unstructured Supplementary Service Data USSD platform Zimbabweans would enjoy lower rates He said banks and Econet were close to finalising the use of the platform We are at the point of agreement we are winning the war with Econet Mushayavanhu said We have reduced the areas of disagreement This will lower charges from the current levels USSD is ...[...read more]

Filed Under South Africa

Telecash agents increase to 2600

MARCH 242014 NEWZIMBABWE TELECOMS company Telecel on Thursday said the number of Telecash agents and merchants countrywide has increased by a thousand from 1600 to 2600 since the mobile money transfer service was launched in January Telecash has also signed agreements with two insurance companies and a medical aid society for the payment of premiums and subscriptions through Telecash The company is Zimbabwes second largest mobile telecommunication company after Econet Wireless with nearly three million subscribers Telecash allows subscribers to use their cell phone as an electronic wallet to transfer money pay for airtime buy groce...[...read more]

Filed Under South Africa

Absa POS payment device ready

MARCH 242014 BUSINESSTECH Banking groupAbsasays itsmobile pointofsale POS device the Payment Pebble is finally ready for public use following an initial trial period withwith preselected merchants In November 2012 the bank announced that it has entered into an agreement withThumbzupfor its plugin pebble device The bank was due to launch the productas a valueadded service to all small business owners and merchants onthego from early 2013 howeverbecause the product has been built in South Africa for South African use it needed to jump through several regulatory hoops in order to meet international standards The Payment Pebble has been ...[...read more]

Filed Under South Africa

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