EcoCash wins global award

By Staff reporter | 20 Sep 2019 at 20:10hrs
Aite Group, a global research and advisory firm, has honoured EcoCash with the 2019 Digital Wallet Innovation Award in the ‘‘Market Adoption'' category. EcoCash is a subsidiary of Cassava Smartech

The awards, announced at the Mobile Payment Conference in Chicago, United States, recognised innovation achieved by digital wallet providers that are changing the way that commerce is done.

Winners were selected by a global panel of five external experts on digital payments and wallets.

Launched in 2011, EcoCash is Zimbabwe's largest mobile money service. EcoCash leverages mobile technology to extend digital financial services to the financially underserved consumers. EcoCash has over 9,8 million registered customers facilitating financial inclusion for 90 percent of Zimbabwe's adult population.

It has digitised various financial transactions in Zimbabwe, ranging from domestic and international remittances and merchant payments, to savings and loans, thus creating a cash-light economy.

Over 80 percent of Zimbabwe's national payment volume is processed through EcoCash.

Eddie Chibi, CEO of Cassava Smartech Zimbabwe, said: "At Cassava Smartech our aim is to help people live better lives through the transformative power of mobile money.

We shall spare no effort in driving mobile money services in Africa because we believe that mobile money can do more to improve lives in Africa than in any other part of the world. In line with this goal, we aim to continuously improve EcoCash services for a better tomorrow."  



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