ECOCASH

No. 2 Old Mutare Road, Msasa,Harare
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★ ★ ★ ★ ★

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EcoCash is an innovative mobile payment solution that enables Econet customers to complete simple financial transactions such as sending money to loved ones, buying prepaid airtime for yourself or other Econet subscribers and paying for goods and services. >Transfer (send) money to Econet customers only >Pay for goods and services locally and internationally >Pay bills such as school fees, Council utility bills (water, rates), DSTV etc >Withdraw money/ Cash-Out >Buy Econet prepaid airtime, text, data bundles or pay a direct connect account for yourself and other Econet subscribers. >Make secure online payments >Receive money from diaspora >Deposit money/Cash-In >Save money >Access loans >Link your EcoCash to your bank account >Manage your EcoCash account: Change your PIN, Check current balance or Check your last five transactions. Cash In Deposit of money in subscribers’ mobile Wallets by agents. Cash in enables subscribers to add money to their mobile Wallets so they can perform financial transactions, such as sending money,purchasing goods and services, etc. Send money Transfer of money from subscribers’ mobile Wallets to recipients within the national territory for domestic transactions or cross border recipients for international remittances. Recipients can be EcoCash registered subscribers or Non-EcoCash subscribers from either Econet or any other MNO. Merchant Services Payment of purchases made at merchant shops by EcoCash registered subscribers’ mobile Wallet.Merchants must be registered on EcoCash and obtain a merchant code which subscribers use to identify the beneficiary merchant. Virtual Debit Card Functionality The service allows merchants and subscribers to enjoy the benefits of the traditional plastic card without the use of the physical card.  This occurs when a customer initiates a merchant payment for goods and services rendered and the merchant POS machines dispenses a merchant receipt for customer’s signature  similar to the one produced as confirmation of payment when using a plastic card.  The POS terminal will also produce a customer copy for the same transaction.  This is over and above an SMS confirmation that is received by the subscriber on their mobile phone.  The advantage to the merchant is that the POS terminal keeps an audit trail of all transactions carried out in a day and is able to confirm the cumulative sales at the press of a button. Banking services Allow EcoCash subscribers to access their banking accounts 24 hours a day locally or internationally, provided they are roaming on their Econet line registered which is registered for EcoCash.  The subscriber’s bank must be integrated on EcoCash for its customers to access this service.   Subscribers need to request their banks to register them for EcoCash banking services.  There are four major services Bank to Wallet Services - Allows subscribers to withdraw money from their bank account to fund their mobile wallets. Wallet to Bank Services - Enables subscribers to deposit mobile money from their wallet to their bank account. Mini statement - Enables subscribers to view the latest three transactions performed on their bank account. Balance enquiry - Enables subscribers to view their current bank account balances. Payroll Services & Bulk Payments - Disbursement of employees’ salaries to their mobile Wallets by EcoCash registered employers.  Employees may/ may not be registered on EcoCash.  In case of non-subscribers, recipients will receive are a passcode via SMS from EcoCash, and they can claim their money by providing the passcode and proof of identity to cash out. Bill Payment Services - Payment of subscribers’ utility bills, such as water or electricity bills by subscribers’ mobile Wallets.  Billers must be registered on EcoCash.   Utility bill payment takes place through subscribers’ mobile Wallets into the biller’s EcoCash identifier code.

Airtime Purchases - Purchase of airtime by EcoCash subscribers using their mobileWallets.  Subscribers can purchase airtime for themselves or for other Econet subscribers. Cash Out - Withdrawal of money from subscribers’ mobile Wallets by agents.  Enables subscribers to convert a portion of their mobile Wallet money back to physical cash. Coming Soon > EcoCash Online (Web) Services > Remittances > Card Services > 3rd Party Processing Services

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