Zimbabw leading mobile payment solution EcoCash has partnered with leading B2B Cross-Border Mobile Payments Network, TransferTo, to expand its cross-border reach for international remittances, starting with South Africa in a deal brokered by Cassava International, the Fintech arm for the Econet Wireless Group.
By TechnoMag Reporter
Zimbabweans living and working away from home, can now send money directly to their friends and families’ EcoCash mobile wallets.
Econet Wireless CEO Mr Douglas Mboweni said, “The importance of remittances to the development of our country cannot be over emphasised and we are excited about our partnership with TransferTo. With this partnership, we are also bringing convenience and choice to Zimbabweans living in South Africa to send money home.
“Zimbabweans can receive money directly into their EcoCash wallets to pay for bills, goods and other services without having to travel long distances to access their money.”
“We believe that mobile money transfers is the most effective digital alternative to cash and essential in providing greater convenience to our customers. EcoCash customers South Africa, USA and UK represent the top remittance corridors to Zimbabwe. Additional partnerships will be gradually announced in 2017.”
TransferTo CEO Eric Barbier said, “Now more than ever, Zimbabwe needs to digitize money and use mobile money to buy and pay, send and receive.
“Sending money home to your families and loved ones should be as simple as an SMS. Zimbabweans working and living overseas can now send money to their loved ones cheaply, securely and immediately into EcoCash wallets.”
EcoCash General Manager Natalie Jabangwe added, “EcoCash is Zimbabwe’s leading payment solution. By innovating and partnering in mobile financial services, we have been able to answer Zimbabwe’s needs in extending financial inclusion, digitising cash and bridging cross-border payments. We look forward to a successful partnership with TransferTo in facilitating digital remittances to alleviate the challenges of our economy.”