Zimbabwe: Telecel, ZimSwitch Provide Mobile Banking

Thursday, October 6, 2011

Telecel, Zimbabwe’s second largest mobile network operator in terms of subscribers, has teamed up with ZimSwitch to provide mobile banking for Zimbabweans.

The service, in a country just emerging from 10 years of economic meltdown, is widely viewed as a huge breakthrough as far as technology is concerned in the country.

Telecel Zimbabwe Marketing Director, Obert Mandimika, said the joint venture with one of the country’s leading banks would enable banks to offer their customers an affordable and easy-to-use mobile banking facility that could change the face of banking in Zimbabwe.

Addressing journalists on Thursday (today) Mandimika said Telecel was proud to be the first mobile phone network in Zimbabwe to have a mobile banking platform available to the country’s banks and to ZimSwitch.

He said Telecel’s collaboration with ZimSwitch was the first such partnership in the world between a mobile phone operator and a financial switch.

Source: IT News Africa (link opens in a new window)