Breaking News

Stanbic Bank sign up to EcoCash

by Business reporter
20 February 2013 | 4103 Views
Econet Wireless has announced that Stanbic Bank is now offering its customers full access to EcoCash.

Stanbic Bank becomes the first international bank in the country to get connected to EcoCash. The Bank is a member of the Standard Bank Group, which is Africa's largest banking group. This partnership creates greater possibilities for EcoCash.

This means that anyone with a Stanbic Bank account that is registered on EcoCash can now use their cellphone from anywhere in the world at any time of day to do local banking operations.

Customers will be able to check their account balances, move money from their bank account to their EcoCash wallet and also make deposits into their bank account from their EcoCash wallet. Visiting banking halls and waiting in queues at banks is now a thing of the past as a result of this partnership

Econet said that they are extremely happy with the Stanbic Bank partnership, and the professionalism displayed throughout the process of connecting the two systems.

"It is not just a simple matter of flicking a switch, as there is a whole procedure which includes physically connecting IT systems on both sides, followed by rigorous testing to ensure security and privacy of customers is always protected," says Darlington Mandivenga, CEO of Econet Services.

Econet Wireless CEO, Douglas Mboweni, added: "EcoCash has fundamentally changed the way people do business in the country. Paying for goods and services, and even transportation, has become much simpler using one's cell phone, without the need for cash."




He said businesses that accept EcoCash for payment can now transfer the money they receive direct into their accounts at a bank at any time of the day. They can also make cash withdrawals and make payment at any time.

Joshua Tapambgwa, Stanbic Bank Chief Executive, said he was pleased with this partnership, which provides the mobile banking services that customers have been waiting for. "Our account holders are now able to perform several banking transactions from their mobile phones, a convenience that the bank is delivering amongst its many other products," he said.

Stanbic Bank Econet EcoCash

Source: econet

Should airtime and street vendors pay the $1 a day State levy?

Yes
10.88%
No
83.25%
Desperation
5.88%
800

Comments

News Updates

Email:

Latest News

Police violently crush MDC-T demo, 18 people injured - Police in Hara...

by Staff Reporter | 27 August 2014 | 504 Views

'Stop abusing Grace Mugabe'

by Staff Reporter | 27 August 2014 | 843 Views

Ebola task force 'essential' - There is need for different ministries ...

by Staff Reporter | 27 August 2014 | 274 Views

Shoot Malema, chant ANC supporters - Cape Town - About 200 ANC members...

by Caiphus Kgosana, City Press | 27 August 2014 | 858 Views

Khupe driver robbery case still on - The case of Witness Dube, the dri...

by Staff reporter | 27 August 2014 | 372 Views

Ebola scare at the United Bulawayo Hospitals - A TRUCK driver admitted...

by Lulu Brenda Harris | 27 August 2014 | 1280 Views

Mat'land South leaders appeal for registry office

by Lulu Brenda Harris | 27 August 2014 | 810 Views

Let's create our own jobs - WhatsApp update

by Concerned Resident | 27 August 2014 | 617 Views

Giant leap for Grace Mugabe - First Lady Grace Mugabe on Tuesday took ...

by Staff reporter | 27 August 2014 | 1643 Views

Moses Chunga takes over at Buffaloes - Premiership side Buffaloes have...

by Staff reporter | 27 August 2014 | 628 Views

Dembare in stadium u-turn - Harare giants Dynamos have decided to play...

by Staff reporter | 27 August 2014 | 1004 Views

Arnold Payne a national hero.

by Somhambi Zilangwe | 27 August 2014 | 1673 Views

Breathing new life into psychiatric education in Zimbabwe - A programm...

by medicalxpress | 27 August 2014 | 783 Views

Arnold Payne deserves recognition - One of Gwanda's prominent children...

by Bekezela Maduma Fuzwayo | 27 August 2014 | 914 Views

British tour company re-launching Zimbabwe holidays - Gane and Marsha...

by Staff reporter | 27 August 2014 | 1277 Views

Chikasha's ADP, Gukurahundi and Genuine Change needed in Zimbabwe - It...

by Ryton Dzimiri | 27 August 2014 | 1115 Views

RBZ rules out return of Zimdollar - Zimbabwe will continue using multi...

by Staff reporter | 27 August 2014 | 1414 Views

KFC to open more branches in Zimbabwe - International fast-food retail...

by Staff reporter | 27 August 2014 | 1330 Views

'Mugabe a true son of Africa,' says diplomats - African diplomats in C...

by Staff reporter | 27 August 2014 | 1161 Views

'SA must address 'skewed' ownership of resources,' says Mugabe - South...

by Staff reporter | 27 August 2014 | 2117 Views

Robert Mugabe may return to world stage as AU head - PRESIDENT Robert ...

by Nicholas Kotch | 27 August 2014 | 2283 Views

Wednesday chat with Auntie Noe - Coping with a breakup

by Staff Reporter | 27 August 2014 | 1105 Views

Al Jazeera investigates the battle for Africa

by Al Jazeera | 27 August 2014 | 1408 Views

'Mugabe must come clean on the Gukurahundi massacres' - PRESIDENT Robe...

by Staff Reporter | 27 August 2014 | 1993 Views

'Tsvangirai has lost focus' - MDC-T leader Morgan Tsvangirai has a lot...

by Staff reporter | 27 August 2014 | 1711 Views

Man arrested for undressing in court - AN IRATE Mutare man who pulled ...

by Staff reporter | 27 August 2014 | 2186 Views

Entertainment

Controversy over Bev's album - Newly-appointed Msasa Bricks Ambassador...

by Staff reporter | 27 August 2014 | 911 Views

Viewers slam 'sub-standard' ZBCtv program - VARIOUS ZBCtv viewers have...

by Staff reporter | 27 August 2014 | 1115 Views

John Legend cancels Zimbabwe show

by Showbiz Reporter | 27 August 2014 | 3307 Views

Macheso's yet to be released album sold on Harare streets - Pirates ha...

by Staff reporter | 26 August 2014 | 2141 Views

Tuku to be honoured in London tribute dinner

by Staff Reporter | 25 August 2014 | 1603 Views

Nicki Minaj has near wardrobe malfunction? - Video

by Staff reporter | 25 August 2014 | 2350 Views

Siyaya Arts releases fourth album - AWARD-WINNING traditional dance gr...

by Pabalelo Tlou | 24 August 2014 | 1074 Views

Bev eyes Zima Award - Beverly "Bev" Sibanda, the newly-appointed Msasa...

by Staff reporter | 23 August 2014 | 1379 Views