NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, November 7, 2014

ZIMBABWE’S largest mobile telecoms company by earnings and subscribers Econet Wireless and Western Union Company, a leader in global payment services, have teamed up to offer consumers fast and reliable international money transfers.

Under the deal, customers in Zimbabwe who use the EcoCash mobile money service now have the option of receiving a Western Union Money Transfer transaction on their mobile phones.

This comes at a critical stage for Zimbabwe, with the central bank earlier this year declaring it was exploring more facilities to effectively harness diaspora savings for the development of the domestic economy.