Econet expands mobile money platform

Money Transfer

Econet Wireless says its undertaking an expansion of its mobile money service, EcoCash, in response to its dramatic and unexpected growth since its launch in September 2011. This will make the EcoCash system four times bigger than it is currently, and also pave the way for the company to launch additional services. Executives say they have been caught by surprise by the dramatic growth of EcoCash, and have had to scramble to order and install a much bigger system. Engineers from the company's suppliers have been in Zimbabwe for several weeks upgrading all the systems and they are expected to have completed their work by the end of September.