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Businesses that accept payment in EcoCash are now able to exchange it for cash at Econet Wireless Zimbabwe approved banks, the company has announced.

Econet said hundreds of companies have already signed agreements to take EcoCash payments which they can cash in at TN Bank.

Other banks were expected to offer the service within two weeks. "We are working to get all banks on board by the end of October," said Mr Darlington Mandivenga, a senior executive at the company.

Meanwhile, more than 200 commuter omnibus (kombi) operators have also started to accept EcoCash for transport payments.

The service, which began a week ago, has proved very popular and Econet plans to have the majority of kombis accepting EcoCash before the end of the month.

The use of EcoCash for payment is very simple and is done in a matter of seconds. Almost 2 million Econet customers are already using EcoCash to send money.

People who use EcoCash do not have to carry cash on them. All they need to do is to load up their wallet which then allows them to make small payments of any amount. EcoCash Econet
Source: Byo24News

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