Withing two months, the number increased by more than a thousand within two months when it was launched at the end of January also increasing the visibility of telecash agents and merchants.
Agents register new telecash subscribers accept telecash deposits and permit telecash account withdrawals. If they are suppliers of goods or services, they also allow those goods and services to be purchased usng telecash.
A telecash merchant does not register telecash subscribers and may not take deposits or allow withdrawals. However, the merchant allows goods and services to be purchased using telecash.
All Telecel shops are telecash agents, so too are all Bon Marche, OK Bazaars and TM supermarkets and all post offices. There are also numerous small agents all over the country.
Recently, for instance, a wooden hut with telecash branding was erected on open ground near the intersection of West Road and Lomagundi Road opposite shops in the Emerald Hill area of Harare, not far from a similar hut set up by the agent of another mobile money service.
Telecash allows its subscribers to use their mobile phone to transfer money to anyone with a mobile phone, regardless of the network of the beneficiary. It also allows them to pay for the goods and services of merchants registered with telecash using their mobile phone and telecash account.
To register for telecash, a Telecel subscriber only has to visit a Telecel office or any telecash agent with his or her national identification document, driver’s licence or passport and a photocopy. Registration is instant.