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January 29, 2014updated 04 Apr 2017 4:09pm

Telcel Zimbabwe launches mobile money service Telecash

Zimbabwe’s second largest mobile operator, Telcel Zimbabwe, has launched its own mobile money service Telecash on 29 January.

By Angelo Boccato

Zimbabwe’s second largest mobile operator, Telcel Zimbabwe, has launched its own mobile money service Telecash on 29 January.

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The main mobile money transfer in the country is currently Econet’s EcoCash, provided by Econet Zimbabwe Wireless.

 

Nkosinathi Ncube, mobile financial services director for Telecel Zimbabwe said:

 

"We have focused on where people are and we have come up with a well developed and well enhanced money platform".

 

Telecash has been integrated on the Zimswitch platform, which connects all banks in Zimbabwe.

 

Upon its launch date the service will be enabled at 1,600 agents across the country, according to the company.

 

Tineyi Mawocha, AfrAsia Bank’s managing director said: "We can reach every member of society through Telecash.

 

"All the banks have been included and it is not an exclusive service".

 

Telecel forecasts that it will register 1.6m subscribers on Telecash by the end of June 2014, reaching 60% of its total subscriber base of 2.5m.

 

 

 

 

Related articles:

Largest Zimbabwe telecoms set to face off over mobile payments

Western Union offers mobile money transfer services to Nigeria via eTranzact

Zimbabwean mobile money EcoCash set for growth

 

 

 

 

 

 

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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