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September 21, 2015updated 04 Apr 2017 4:01pm

Econet Wireless to expand Ecocash Service to South Africa

Zimbabwean telecommunications group Econet Wireless is set to launch its Ecocash remittance service in South Africa in early October 2015 following approval from the South African authorities.

By Verdict Staff

Zimbabwean telecommunications group Econet Wireless is set to launch its Ecocash remittance service in South Africa in early October 2015 following approval from the South African authorities.

The service will allow Zimbabweans residing in South Africa to send money home directly via Ecocash.

The service will only be accessible to Zimbabweans who have an Econet Wireless South Africa SIM card called Call Home, which is powered by Cell C. The Call Home service is now being used by almost a million Zimbabweans.

The launch follows a trial run conducted by Econet with 200 customers since August 2015.

Econet has signed a cross-border mobile money remittance deal with a South African company Flash Mobile Vending, a subsidiary of retailer Pepkor, for the EcoCash service. The mobile vending solution is used by over 60,000 small business shop owners across South Africa.

Additionally, Flash Mobile is planning to mobilize all PEP and PEPcell stores across South Africa to perform registrations and accept remittance cash-in.

Econet Wireless Zimbabwe CEO Douglas Mboweni said: "We are entering a very exciting countdown to the commercial launch of EcoCash Remittance South Africa. Zimbabweans right across South Africa will finally be able to send money home to loved ones securely, cheaply and in a matter of seconds."

The deal with Flash will expand EcoCash Zimbabwe’s agent footprint from Beitbridge to Cape Town and all parts in between.

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