News

EcoCash to roll out new online payment service

Monday 26 August 2019 08:59 CET | News

EcoCash, a Zimbabwe-based payments provider, has announced that it will launch a new wallet service which can be funded using WorldRemit and Western Union.

The announcement comes after the Reserve Bank of Zimbabwe announced that it would give EcoCash a license to provide these services.

Licenses for what is essentially a bureau de change have been issued to almost 50 organisations in an attempt to tackle the problem of the underbanked people in the country.

The list of methods which can be used to fund EcoCash accounts includes Western Union and MoneyGram. However, customers will still need to make a phone call in order to secure the transaction.

The list of methods which can be used to fund EcoCash accounts includes some of the cross-border payment world’s biggest names, including Western Union and MoneyGram.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: EcoCash, online payment, Zimbabwe, unbanked, WorldRemit, Western Union
Categories:
Countries: World