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Econet launches direct remittances from South Africa
21/09/2016 00:00:00
by Business Reporter
Econet group chief executive Douglas Mboweni

ECONET Wireless Zimbabwe has joined hands with Mukuru Money transfer to provide a service which allows Zimbabweans in South Africa to send money directly to EcoCash wallets in Zimbabwe.

Econet wireless chief executive officer Douglas Mboweni said the development would help ease liquidity challenges currently affecting the country.

"We are excited about our new partnership with Mukuru,” he said during the launch in Harare Tuesday.

“Remittances play a major role in our economy and in the foreseeable future we will be extending the same convenience for Zimbabweans living in other countries as we continue to innovate and bring convenience closer to our customers.”

EcoCash, according to Econet, is providing a platform for financial transactions to over 6 million Zimbabweans in the country.

Mukuru’s head of marketing, Michael Cook, expressed confidence that the joint venture would alleviate cash challenges and improve financial sector efficiency in a way that has measurable impact on livelihoods in the country.

"We know that many individuals who live in rural areas go through a lot to collect money. It can be a whole day affair. That is why the launch of this partnership is so exciting," Cook said.

He added, "When receiving money with Mukuru, no one will ever need to travel long distances again to collect it.

“In fact, the money goes straight to you, directly into your EcoCash mobile wallet, regardless of where you are. That includes Jerera and Binga, in a matter of seconds."

EcoCash is Zimbabwe’s leading mobile money service that is available to Econet Wireless customers.

As an innovative mobile payment solution, EcoCash provides a variety of services to Econet customers including sending money, receiving remittances from outside the country, buy airtime and pay for goods while Mukuru is one of the world’s largest remittance providers.


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