EcoCash scraps fees

EcoCash scraps fees

PAYMENTS made on the Econet”s mobile money platform, EcoCash, will not attract any transaction fees.

According to Econet, this has been effected for merchant payments that are made via the conventional USSD channels or through the EcoCash mobile app. Payments made via the EcoCash debit card will still attract normal charges.

“It’s not completely free, though. all transactions will still attract the 5 cents government tax which has been levied on every mobile money transaction,” says Econet adding that this is a “special thank you” as the mobile money service positions itself to be a primary solution for all payments.

Cash alternatives like mobile money have often been avoided because of steep transactional charges.

Zimbabwe is currently experiencing cash shortages  resulting in n banks reducing withdrawal limits.affecting the money service, with some of its agents running out of money to transact. – TechZim additional reporting Patience Rusere