Econet Wireless Launches Bank Service
News: Zimbabwe-based Econet Wireless introduced a new service, dubbed EcoCashSave, in the country. The service would allow EcoCash subscribers to move money from their eWallet to an interest bearing account within seconds, without any charges. An EcoCashSave account may hold money in all the banks that are integrated with the EcoCash system. The service is expected to serve people in the countryside, who are deprived of any banking services as the amount they deal with is considered too small by the banks. The service is also targeting the informal business sector, and can be used by employers to pay salaries.