Econet plans mobile money service in Zimbabwe

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By Ventures

Telecom operator Econet has disclosed an “early” 2014 to launch EcoCashCredit, a money which company will give loans to its EcoCashSave account holders.

Econet Wireless CEO, Douglas Mboweni, confirmed adding borrowing customers will be done partner , including Steward Bank.

He said lending a natural next step and the to lend for uses such school fees, right up to housing loans.

He stated more details would be released in the new year. Meanwhile, Mr Mboweni confirmed the number of bank accounts held by Steward Bank on behalf of EcoCashSave now surpassed those held by all the put together. “We have more 900,000 account holders, compared to 850,000 for all the ,” he said.