Econet Wireless Offers Mastercard Debit Cards to Mobile Money Users via Mahindra Comviva's connectmoney Service Manager

2010 market Harare Zimbabwe Shack Dwellers International Wikimedia Commons

Econet Wireless Zimbabwe, a subsidiary of the Econet Wireless Group based in South Africa has deployed Mahindra Comviva's latest product offering in the market 'connectMoney Service Manager' for its mobile money service. Using the technology, Econet Wireless, a pioneer in delivering mobile financial and payment services to Zimbabweans, has issued MasterCard debit cards which are linked to the EcoCash Wallet. 

Mahindra Comviva, the global leader in providing mobility solutions, said that the connectMoney Service Manager implementation is the largest rollout of secure EMV Chip and PIN payment cards in Zimbabwe and this marks the first time that MasterCard debit cards are available to consumers using mobile money services in Africa. connectMoney Service Manager, a ‘platform agnostic’ solution enables consumers to access a large network of physical and online merchants and pay via their mobile money accounts.

The service enables EcoCash account holders to receive MasterCard debit cards, allowing them to transact at POS terminals and also to withdraw cash via ATM machines accepting MasterCard, locally and internationally. connectMoney Service Manager also offers virtual cards that are linked to their mobile money account. Subscriber can make request for a virtual card number that is delivered through an SMS for e-commerce payments.

Srinivas Nidugondi, Senior VP and Head Mobile Financial Solutions, Mahindra Comviva
Electronic payments acceptance is crucial to the Zimbabwean economy. It is imperative to provide convenient and integrated solutions to the consumers. connectMoney Service Manager will provide seamless interoperability with heterogeneous systems and services.

Japhet Aritho, Chief Operating Officer, EcoCash
We are delighted to further strengthen our partnership with Mahindra Comviva and MasterCard to offer this unique offering, which provides additional choice to consumers across Zimbabwe. Consumers can now enjoy on the go transactions locally as well as internationally at a nominal price. This will further accelerate adoption of electronic payments in the country thus promoting the national agenda of a cashless society, as well as provide our customers with convenience for global transactions.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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