">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Friday, January 22, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Tech

Zimbabwe to become first cashless society in Africa

Robin Okuthe by Robin Okuthe
6 years ago
in Tech
3 min read
0

Econet Wireless, a mobile banking service and Telecommunications company, has predicted that in less than 12 months Zimbabwe will become Africa’s first cashless society.

Econet

Douglas Mboweni, the company’s CEO, stated: “In a year’s time, we do not expect anyone to still use paper money. It will resemble America or Europe where you no longer find people carrying cash bundles.”

According to Strive Masiyiwa, Econet Wireless founder, Hyperinflation had ruined people’s confidence in financial institutions though Econet Wireless establishment will bring many positive changes.

Initially, Econet Wireless developed mobile payments to assist NGOs transfer cash to refugees after the war ended in 2005 in Burundi. This was a way of helping humanitarians get money to individuals in rural areas who wanted to re-establish their lives.

“Providing people the ability to save is even more essential than credit. We are attempting to build a savings culture where people are urged to save, even if they merely have a dollar for transport, school fees and the doctor. A savings and credit infrastructure builds resilience,” stated Masiyiwa.

Masiyiwa further added that in order to reach the telecommunications companies and the unbanked, financial institutions, it is essential to design services that are affordable, easy and practicable.

Related posts

kplc

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
0
123movies

4 Best Free Movie Streaming Sites In Kenya

January 21, 2021
0

Sophos Named Common Vulnerability and Exposure Numbering Authority 

January 20, 2021
0

Your Ultimate SEO Audit Checklist for 2021

January 20, 2021
0

Econet Wireless’s mobile payment system came into existence after the collapse of Zimbabwe’s economy in 2002. It was established in 1998 though with a lot of struggle. The company currently operates in 17 countries including Kenya, South Africa, Lesotho, Botswana, New Zealand and Nigeria.

READ  Breaking: Kenyan media houses digital TV licence revoked after misleading informercials

 

Readers 1,092

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: Douglas MboweniEconet WirelessStrive MasiyiwaZimbabwe
Robin Okuthe

Robin Okuthe

Related Posts

kplc
Tech

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
0
123movies
Tech

4 Best Free Movie Streaming Sites In Kenya

January 21, 2021
0
Tech

Sophos Named Common Vulnerability and Exposure Numbering Authority 

January 20, 2021
0
Hacks & Facts

Your Ultimate SEO Audit Checklist for 2021

January 20, 2021
0
Tech

Safaricom Will Allegedly Allow The National Intelligence To Illegally Forward Your Calls

January 20, 2021
0
Tech

Safaricom Foundation’s Ndoto Zetu Supports 2,000 Students in Six Counties 

January 20, 2021
0
Tech

Tatu City Partners with Konza to Attract Investors to Kenya

January 19, 2021
0
searchengineland.com
Tech

SEO for Beginners: Where to Start and What You Need

January 19, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Aerobotics Raises $17 Million Led by Naspers To Scale AI for Agriculture Globally

January 21, 2021

Tanzanian money remittance startup NALA is launching in the UK

January 21, 2021

Startup Guide to release of Startup Guide Nairobi

January 21, 2021

Nokia C1 Plus now available in Kenya for Ksh 9,000

January 21, 2021
kplc

Kenya Power Rolls Out A Smart Metering Project Across The Country

January 21, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: