“Takatora Tsvimbo Ndokurova”: Mnangagwa Says EcoCash Was Sabotaging The Economy And Causing Runaway Inflation

Mnangagwa Says EcoCash Was Sabotaging The Economy     President Emmerson Mnangagwa has attacked the country’s biggest mobile money company Ecocash, accusing it of sabotaging the economy and causing the country’s runaway inflation. According to the President, EcoCash was creating billions of dollars of phantom money, which was prompting the country’s inflation to skyrocket. He […]

RIP EcoCash Agents: RBZ Bans All Agent Lines Permanently

RBZ Bans All Agent Lines Permanently   Mobile money agents are now officially a thing of the past after the Reserve Bank of Zimbabwe (RBZ) banned all agent lines permanently. This means that EcoCash, OneMoney, and Telecash agent lines are no longer operational. This was announced by the central bank during today’s Monetary Policy Statement. […]

EcoCash Increases Tariffs…Here Are The New EcoCash Tariffs Effective 1 August 2020

New EcoCash Tariffs Effective 1 August 2020   The country’s biggest mobile money company, EcoCash, has raised its tariffs. The mobile money raised the charges for sending money and cashing out with effect from 01 August 2020. Interestingly, EcoCash has now removed the charges for “Sending Money To Unregistered” and for “Cash Out”. Apart from […]

Digital Currencies: Zimbabwe Must Embrace The Inevitable

Zimbabwe Must Embrace The Inevitable | Terence Zimwara   The very idea that digital currencies like bitcoin can be used as currency for everyday transactions seems farfetched for some. There are many ways this cannot work opponents argue. For starters, there is an argument often put forward that Zimbabwe’s internet penetration levels and level of sophistication […]

EcoCash Dealt Major Blow As RBZ Designates ZimSwitch As National Payment Switch

RBZ Designates ZimSwitch As National Payment Switch   The country’s biggest mobile money company EcoCash Zimbabwe has been dealt a huge blow by the Reserve Bank of Zimbabwe (RBZ) after the central bank designated ZimSwitch as the National Payment Switch. This means that all mobile money transactions will now have to go through ZimSwitch. According […]

We Are Still Operating: EcoCash Responds To Govt, Disregards Ban On Mobile Money

Ecocash Responds To Govt Ban Ecocash Responds To Govt Ban   In a follow up to a Government directive banning all mobile money transfers, EcoCash has told customers to ignore the ban and continue using the transfer. In what promises to be a clash of giants,  EcoCash also urged its customers to remain calm. In […]

EcoCash, Govt Headed For Clash As Mobile Transfer Giant Disregards Ban

EcoCash Disregards Ban EcoCash Is A Ponzi Scheme: RBZ In a follow up to a Government directive banning all mobile money transfers, EcoCash has told customers to ignore the ban and continue using the transfer. In what promises to be a clash of giants,  EcoCash also urged its customers to remain calm. In a statement […]

RBZ Limits Bank Transfers As It Battles To Cripple Forex Black Market | BREAKING

RBZ Limits Bank Transfers   The Reserve Bank of Zimbabwe (RBZ) has directed banks to limit internal bank transfers to cripple the foreign currency black market. The central bank’s Financial Intelligence Unit (FIU) today directed all banks to limit internal transfers to a maximum of just 2 per customer per day. iHarare has noted that […]

RBZ Puts Even More Restrictions On EcoCash In Effort To Stop Illegal Forex Dealings

RBZ Puts  More Restrictions On EcoCash  The Reserve Bank of Zimbabwe (RBZ) has put even more restrictions against the country’s biggest mobile money company EcoCash in an effort to stop illegal foreign currency dealings. The Zimbabwe Dollar has been deteriorating rapidly and the central bank blames EcoCash for the collapse. The Central Bank’s Financial Intelligence […]

EcoCash Is A Ponzi Scheme Which Is Devaluing The Zim Dollar: RBZ Fires Back At Lawsuit

EcoCash Is A Ponzi Scheme: RBZ EcoCash Is A Ponzi Scheme: RBZ   The Reserve Bank of Zimbabwe (RBZ) has labelled EcoCash a Ponzi Scheme which is accelerating the black market exchange rate and devaluing the Zimbabwe Dollar. The RBZ sensationally claimed that EcoCash has agents who have a massive overdraft on their Ecocash accounts […]