03 December 2024

MTN MoMo in South Africa and EcoCash in Zimbabwe have partnered to provide what are described as effortless direct cash transfers between the two countries.

The partnership provides a reliable, efficient and affordable way to move money directly into EcoCash electronic wallets, according to Kagiso Mothibi, Chief Executive Officer for Fintech, MTN South Africa.

“Many Zimbabweans in South Africa using MTN MoMo as their mobile money provider can now use EcoCash link, which does away with the need to use expensive and, often, time-consuming traditional remittance channels to get money to loved ones,” said Mothibi.

The most attractive part of EcoCash is the low remittance fee structure and the ability to withdraw payments made in South African rands as United States dollars at any of 9,000 EcoCash representation points in Zimbabwe if recipients wish. In addition, all transfers occur in real time on the MTN MoMo app and are immediately reflected in the chosen EcoCash wallet across the border.