EcoCash takes mobile money to the point-of-sale

Thursday 20 November 2014 08:46 CET | News

Mobile network Econet’s payment service Ecocash is set to provide customers in Zimbawe a MasterCard debit card linked to their EcoCash wallet.

This will enable them to use the funds in their mobile money account to make payments at merchant POS terminals and withdraw cash from ATMs.

Customers are also set to be able to use the ConnectMoney platform to request virtual cards, delivered via SMS, that they can use to charge ecommerce purchases to their mobile money accounts.

In recent news, Ecocash was piloting NFC payments in Zimbabwe with cards that let users pay by tapping against a custom merchant device.

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Keywords: EcoCash, mobile, money, point-of-sale, wallet, debit card, payment, POS, ATMs, connectMoney, SMS, Zimbawe
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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