
Darlington Mandivenga, CEO of Econet Services said, “Our research suggests that by making it quicker and easier to send small amounts, of as little as R5, and at any time, we will see a massive inflow of money, just like we see on EcoCash here at home.”
Dubbed EcoCash Remittance, the new service is targeting remittances from South Africa, Botswana and Zambia by year end then expand to the UK and the US. Zimbabwe accounts for the bulk of the cross-border remittances market with over 60 percent of total SADC remittances estimated to be sent to Zimbabwe from South Africa each year.
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