Zimbabwe. (News Of The South) – One of Zimbabwe`s top mobile network providers Econet Wireless has struck a deal and partnered with the World`s largest money transfer firm, Western Union.
Western Union transactions can now be received on mobile phones of Econet subscribers as messages are now being sent direct to their mobiles and the recipient has the option to collect cash or deposit into their mobile wallet.
Western Union regional vice president for southern Africa, Richard Malcom, said his company was delighted to be part of the collaboration with Econet Wireless and supports accessible remittance transfers for the diaspora sending money to Zimbabwe.
“We believe that this is a remarkable continuation in facilitating financial inclusion in the country – especially in the rural areas with limited formal financial institutions.
“Whether it’s for an individual, a family or a small business, sending or receiving money across global and national borders; reliably, conveniently; making payments for goods and services in today’s world, all are basic requirements for economic development and financial inclusion,” he said.
So far about 4 million people have subscribed to Econet`s Ecocash.
Darlington Mandivenga the Econet Services International Chief Executive Officer urged Zimbabweans abroad to utilise the Western Union-EcoCash remittance service for its increased convenience, speed and reliability.
“Since launching our international money transfer service in June 2014, we continue to accommodate the Zimbabwean diaspora by widening our first-mile footprint abroad and giving our customers unparalleled choice.
“It is evident that funds repatriated to Zimbabwe by the diaspora continue to rise, with a positive impact on supporting basic human needs while playing a vital role in boosting economic activity,” he said.
As a result, he said Econet made it their objective to ensure that they go a step further to offer a globally accessible, fast and reliable service such as Western Union Money Transfer.
“This cooperation continues to build on Econet’s efforts in furthering the economic development and stability of the nation at a time when the government has been actively raising awareness of the importance of the Zimbabwean diaspora,” Mandivenga added.
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