EcoCash targets ZSE

EcoCash is a mobile money transfer service run by the telecommunications company.

Econet Wireless Services chief executive officer Mr Darlington Mandivenga said the payment system was designed for small investors.

“I can confirm that we are working on a project to enable people to buy and sell shares using EcoCash.

“It is mostly directed at small investors who buy shares for less than $5 000 at a time, to as little as $50,” he said.

He said the payment system would be an electronic trading platform which will also make share trading on the local bourse much more transparent.

The move by Econet is expected to go a long way towards getting ordinary Zimbabweans interested in owning shares in companies listed on the stock exchange.

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