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Mobile World Congress – the „Best mobile payments solution” award goes to Africa

2 martie 2017

EcoNet Wireless and Mahindra Comviva for EcoCash

After decade of hyperinflation and currency-collapse, Zimbabwe switched to US$. Currency change mitigated economic-crisis, but led to cash crunch and change problem. EcoCash was introduced in November 2011 to eliminate cash by enabling digital payments using a mobile wallet.

To realize ‘cashless-Zimbabwe’ vision, EcoCash follows “break-the-cash-cycle” approach aimed at digitizing all cash transactions.


In just 5 years, EcoCash has become the leading digital payments service in Zimbabwe with over 6.5 million subscribers and 30,000 agents. The success of EcoCash is based on its ability to add innovative services every year.

EcoCash has a wide mobile money service portfolio including P2P transfers, international remittance, bill payments, NFC-based merchant payments, MasterCard Companion Card, Savings, Loans, insurance and Savings Club. EcoCash is offered by Zimbabwe’s largest operator Econet Wireless and powered by Mahindra Comviva’s mobiquity® Money platform.

The list of all 2017 winners – download here

Source: globalmobileawards.com

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Anders Olofsson – former Head of Payments Finastra

Banking 4.0 – „how was the experience for you”

So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”

Many more interesting quotes in the video below:

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?