{"id":110682,"date":"2025-08-29T22:14:20","date_gmt":"2025-08-29T20:14:20","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive"},"modified":"2025-08-30T00:32:07","modified_gmt":"2025-08-29T22:32:07","slug":"ecocash-ramps-up-uk-remittances-drive","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive","title":{"rendered":"EcoCash ramps up UK remittances drive"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>EcoCash, Zimbabwe\u2019s largest financial technology platform, says it is stepping up efforts to increase international remittance receipts by partnering with more global payment platforms.<\/p>\n<p>The mobile money service, owned by Econet Wireless Zimbabwe, already partners with leading global remittance providers such as Sasai Money Transfer, Western Union, WorldRemit, MamaMoney, MoneyGram, Remitly, Shoprite Send and Terrapay.<\/p>\n<p>EcoCash currently has over 40 partners terminating into mobile wallets.<\/p>\n<p>The company revealed that it is currently in talks with additional international partners as part of its long-term strategy to build a truly global payments ecosystem.<\/p>\n<p>\u201cEfforts to onboard more payment partners are ongoing as we aim to establish a global platform that prioritizes convenience, affordability and value for customers,\u201d EcoCash said this week at the ongoing Institute of Chartered Accountants of Zimbabwe (ICAZ) Winter School 2025 and Investment Conference in the United Kingdom.<\/p>\n<p>The high-profile gathering is positioning Zimbabwe as an emerging investment hub and showcasing the country\u2019s deal pipeline, growth-ready sectors and capital opportunities. It is also connecting institutional investors, global financiers and the diaspora with pathways to channel funds into productive ventures.<\/p>\n<p>The initiative by EcoCash comes at a time when remittances are increasingly playing a vital role in Zimbabwe\u2019s economy.<\/p>\n<p>According to the Reserve Bank of Zimbabwe (RBZ), diaspora remittances surpassed US$2 billion in 2024, making them one of the country\u2019s largest and most stable sources of foreign currency.<\/p>\n<p>Analysts say EcoCash\u2019s expanded global footprint is timely and strategic, enabling millions of Zimbabweans abroad to send money home faster, more securely, and at a lower cost. EcoCash zero-rates all remittance withdrawals \u2013 or cash-outs \u2013 from its wallets. It has an extensive distribution network of over 60 000 merchants and channel partners across the country\u2019s rural and urban areas.<\/p>\n<p>In 2024, EcoCash recorded a 21% growth in transaction volumes and a 210% surge in transaction values, driven by increased wallet funding and growing customer adoption.<\/p>\n<p>The growth reflects consumer trust in the mobile money platform and the increasing importance of digital channels in cross-border money transfers.<\/p>\n<p>\u201cBeyond household support for essentials \u2013 such as food, school fees, healthcare, and housing \u2013 remittances are increasingly powering small business growth and community development projects,\u201d EcoCash said, noting that reliable and affordable digital payment services are enabling both rural and urban recipients to transact, save and invest without relying on costly cash-based methods.<\/p>\n<p>Industry experts observe that strengthening formal remittance channels curb dependence on informal networks, improves financial inclusion and enhances consumer protection.<\/p>\n<p>With Zimbabwe\u2019s diaspora spread across South Africa, the UK, the US, Australia and beyond, EcoCash\u2019s expansion of its partner network offers more convenience and consolidates its market leadership in the mobile money space.<\/p>\n<p>\u201cAs we expand, our mission remains clear \u2013 to empower Zimbabweans abroad to conveniently support their loved ones with ease, while ensuring that recipients at home enjoy safe, transparent and seamless access to funds for both their everyday needs and future investments,\u201d EcoCash said.<\/p>\n<p>Also participating at the ongoing ICAZ Winter School 2025 and Investment Conference in the UK is RemitHope \u2013 a fintech-powered social enterprise that mobilises financial support for underfunded African-led community initiatives and leverages EcoCash to channel remittances into Africa to close the funding gaps.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Zimbabwe<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. EcoCash, Zimbabwe\u2019s largest financial technology platform, says it is stepping up efforts to increase international remittance receipts by partnering with more global payment platforms. The mobile money service, owned by Econet Wireless Zimbabwe, already partners with leading global remittance providers such as Sasai Money Transfer, Western Union, WorldRemit, MamaMoney, MoneyGram, Remitly, Shoprite [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":110681,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[19],"class_list":["post-110682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-zimbabwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EcoCash ramps up UK remittances drive - zimbabwe<\/title>\n<meta name=\"description\" content=\"EcoCash, Zimbabwe\u2019s largest financial technology platform, says it is stepping up efforts to increase international remi ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EcoCash ramps up UK remittances drive\" \/>\n<meta property=\"og:description\" content=\"EcoCash, Zimbabwe\u2019s largest financial technology platform, says it is stepping up efforts to increase international remi ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-29T20:14:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-29T22:32:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2025\/08\/sm_1756494278.418332.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1620\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EcoCash ramps up UK remittances drive\",\"datePublished\":\"2025-08-29T20:14:20+00:00\",\"dateModified\":\"2025-08-29T22:32:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive\"},\"wordCount\":541,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2025\/08\/sm_1756494278.418332.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-ramps-up-uk-remittances-drive\",\"name\":\"EcoCash ramps up UK remittances drive - 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