Zimbabwe’s largest telecommunications provider, Econet Wireless Zimbabwe (EWZ) has introduced an additional service to its growing EcoCash brand which will allow customers to move their money to a bank account.
The new service launched in partnership with Steward Bank EcocashSave will enable citizens to operate a bank account through mobile phones.
Speaking at the press conference, Econet Wireless Zimbabwe, CEO Douglas Mboweni said the service was not only a new product in the market but a solution to Zimbabwe’s million people currently in unbanked bars.
Mboweni added that the service was motivated by the great principle to identify a need in society and provide a solution.
“EcocashSave is a service grounded on transforming people’s lives. Technology that does not transform people’s lives and without a positive impact to society is useless,” Mboweni said.
Speaking at the same occasion, Kwanele Ngwenya, Chief Executive Officer for Steward Bank said the service was a groundbreaking innovation set to deliver and change lives of the people and their relationship with the banks.
“Steward bank has brought banking to the unbanked,” Ngwenya said.
EcoCash CEO, Mr. Darlington Mandivenga said saving money with Ecocash was easy, convenient and built on the grounds for people to achieve their dreams and to become better entrepreneurs.
Over 3 million people in Zimbabwe now use Ecocash to send and receive money through the more than 7000 agents dotted throughout Zimbabwe.
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