EcoCash Increases Tariffs

Back in November, EcoCash announced a new set of tariffs for transacting on their platform and you would be forgiven for thinking that since then those tariffs haven’t changed.

The reality is that EcoCash has a new set of tariffs that came into being today and the new tariffs are said to be 30-80% higher than before by Telecompaper.

How did we come across the change? Well, we got a tip alerting us of the change and the tip read:

Good morning,
Seems like Econet have increased massively their ecocash charges today.
I have just sent RTGS$ 10 to a relative and they deducted 29 cents, yesterday it was 16 cents.
Have you heard anything concerning this please?
Anonymous tip

Afterwards a colleague and I sent each other some money back and forth just to see whether or not there was any shift. Sending $5.00 should see 7c being deducted but 12c was deducted instead. Similarly, sending anything between $10.01 and $20.00 used to see EcoCash taking a maximum of 72c but my colleague sent me $11 and got charged 83c.

After digging around a bit I then found the newly effected tariffs:

EcoCashEcoCash Zimbabwe

EcoCash is a mobile money transfer facility which is run by Econet Wireless Zimbabwe. The facility has grown in leaps and bounds since its inception and is arguably the largest mobile money transfer agent considering the huge sums of transactions that the platform is said… Read More About EcoCash