Africa-Press – Zimbabwe. EcoCash has increased its transaction limits to enable its customers to transact fairly huge amounts amid rising inflation.
Users are now able to send up to ZWL$280 000 per month and to shop and pay bills of up to ZWL$400 000 in a single month. EcoCash said:
The good news for EcoCash customers is that they can now transact up to the monthly limit in a day, allowing them to transact at their discretion in line with their income.
While EcoCash customers are still limited to sending a maximum of Z$10 000 on send money per transaction, and Z$50 000 for shopping and paying bills, they can now repeat those transactions up to the monthly limit of Z$280 000 or Z$400 000 in a day, respectively.
Due to rising inflation, members of the public have been struggling to make payments using EcoCash due to the transaction limits.
For example, farmers could not pay for inputs in one go as the transaction limit for paying merchants was ZWL$25 000.