Changing Banking, ECOCASH Zimbabwe’s mobile money service

Link and summary by Robin Chaibva

In a country that has lost faith in its banking system since the “Dollarisation”, Zimbabwe’s most popular mobile telecommunication ECONET, has imitated Kenya’s M-PESA mobile money business model called ECOCASH. The article debates whether ECOCASH is a threat to
traditional banking. It is still unclear although the ECOCASH system has handled over US$1.5 billion, in a country where Banks are in need of more accounts.


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