ETL, Enrich stores in partnership deal

ETL, Enrich stores in partnership deal
ETL, Enrich stores in partnership deal

Africa-Press – Lesotho. Econet Telecom Lesotho (ETL) has partnered with a locally owned chain stores, Enrich through a point of sale integration on its mobile money platform, EcoCash.

This was revealed by two the companies this week at a joint launch of their collaboration and introduction of this ground breaking system integration between a telecommunication giant and a chain stores owned by more than one

thousand shareholders. In a press statement ETL stated that the innovation serves as another platform that will offer convenience to customers. “This simply allows customers to pay

for groceries effortlessly from their EcoCash wallets into Enrich’s merchant account. Addressing the media at the launch Econet Sales and Distribution Manager ‘Matikoe Letsie

said that the two companies combined their systems to ensure a seamless and effortless shopping experience. She mentioned that no card is needed to swipe

at all at the till and definitely no additional point of sales (POS) device that crowds the till because everything is initiated on the till itself. She

added that there is a communication between a customer’s phone and Enrich’s check-out device. “We do not call EcoCash ‘Sepache-fono’ for nothing; a phone indeed becomes a wallet,” said Letsie.

She further said this is the first seamless payment deal made with supermarkets and they are proud that a locally owned store like Enrich is pioneering the initiative.

Letsie highlighted that Econet intends to partner with various shops in the same manner to offer convenience, increase security by reducing cash handling

and fraud at the shops. Enrich Stores Director Maine Maine said they (Enrich) are excited that they are the pioneers of the innovation that will not only serve their customers but will

also save the store from dealing with lots of cash on a daily basis. He highlighted that they were approached by Letsie a few months ago with the integration idea.

“We are currently working very hard to ensure that we transform into a cashless society,” he said. Maine

further said this is a way to limit theft that can happen to customers who carry along cash with themselves or to limit robbery that can occur in the supermarkets or any business.

““This assimilation of the systems gives us peace

of mind because cash collected on a daily basis is not exposed to robbery but goes directly into the merchant account,”” He said the integration provides customers

with flexibility to pay with cash, bank or EcoCash which is something he describes as game changing. He noted that Enrich Stores offers a complete set of EcoCash services where customers can also deposit and withdrew money from in store agent.

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