Zimbabwean telecommunications group Econet Wireless has received approval from the South African Reserve Bank (SARB) to begin cross-border mobile money remittance service from to Zimbabwe.

The license will enable Expat Zimbabweans living and working in South Africa to make cross border mobile money remittances back home using Econet Wireless’ mobile money platform EcoCash.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The company said it would take several weeks for the service to be fully established, adding that it would be up and running by the end of July.

Econet Wireless has taken over eighteen months to receive approval from SARB for the service.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.