July 31, 2014
Yesterday (30th July, 2014), Mobile Money service – EcoCash – announced a significant agreement with MasterCard that could help increase financial inclusion via electronic payments in Zimbabwe.
'The adoption of electronic payments is critical to Zimbabwe's economic development, commented the CEO of Econet, Douglas Mboweni, in a press release. Reducing dependency on cash while increasing financial inclusion benefits the whole country including the government, industry sectors like tourism and retail, merchants and citizens,' he added.
'The integration of these products and services are particularly exciting for EcoCash customers,' stated Cuthbert Tembedza, CEO of EcoCash, in the same release. 'We look forward to offering Zimbabweans even more ways to benefit from the security and convenience of electronic payments as they engage with, and contribute to, the formal economy.'