LATEST: Econet and MTN in Zim-Zam money transfer deal

Business Reporter

Zimbabwe’s largest mobile money service, EcoCash, and MTN mobile money in Zambia, have launched a money transfer service that allows Zimbabweans living in Zambia to send money home using MTN money wallet.

Under the partnership, a Zimbabwean living in Zambia can send money by registering with MTN Zambia and then initiating a money transfer request through their USSD mobile money short code, then select EcoCash ZW mobile number.

“It is as easy as that and the money will reflect in the selected EcoCash ZW mobile wallet. A message of confirmation will be sent to the recipient and the sender,” said Econet Wireless in a statement today.

MTN is Africa’s largest mobile phone company by customer numbers, and has launched similar services with mobile money companies in East Africa while Econet Wireless is Zimbabwe’s largest mobile phone company and has the largest mobile money service business in the country and one of the largest in the region through EcoCash.

Details to follow….

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