EcoCash finally integrates with CABS
Zimbabwe’s largest mobile financial services company, Econet has finally integrated its EcoCash platform to that of Central Africa Building Society (CABS), in a drive to cement its growing electronic payments ecosystem and to enhance customer banking and merchant services.
The two companies had not come to an agreement to integrate more than four years after Econet started integrating the EcoCash platform with local banks.
Customers can now transfer funds between CABS and EcoCash in real-time, 24-7.
In a full press release by Econet on Tuesday the mobile operator said the partnership has seen the rolling out of a first of its kind, unique point of sale integration solution, which allows EcoCash users to simply enter their mobile number at the retailer point of sale pin pad.
It said EcoCash pin validation is done via registered mobile and the transaction is done and to ensure the ecosystem is balanced end to end, banking services have also been introduced for CABS customers that hold EcoCash wallets.
General Manager of EcoCash, Natalie Jabangwe said the aim is to make it more convenient for all banked customers in Zimbabwe to move their funds from their bank and leverage on EcoCash large ecosystem of merchants and billers.
“There has been no better time to consolidate with banks, particularly CABS, as we provide greater convenience for customers to overcome the hassles of the liquidity crunch,” she said.