Econet Wireless has launched a tap and pay function on its EcoCash Debit Card, marking the first contactless offering in Zimbabwe.
Go deeper with GlobalData
With the tap and pay method, consumers will no longer have to enter a PIN number on a point of sale (POS) terminal for transactions under $5 for up to a daily cap of $100.
Instead, they only need to tap the machine and payment is recognised.
The Ecocash card is supported by the largest number of POS terminals, as over 50% of all payment terminals in the country form part of EcoCash. Moreover, the card does not charge any monthly fees.
The card is part of MasterCard, and allows customers to move money directly into it from their bank accounts.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
