EcoCash’s new scan to pay mobile facility launched in partnership with Mastercard yesterday in Harare at the Agricultural Show is a faster, simpler and more direct way to manage your money anytime, anywhere making payments.
Powered by Mastercard’s Masterpass QR, EcoCash Scan & Pay enables subscribers to pay merchants directly from their mobile money accounts simply by scanning a QR code displayed at checkout with their smartphone or by entering a merchant identifier associated with the QR code into their feature phone.
The technology removes the need for consumers to carry cash or a physical wallet and frees both consumers and retailers from the costs, security risks and inconveniences associated with cash.
EcoCash chief executive officer Natalie Jabangwe (Pictured) said this technology does not need card swiping as one can simply pay with their phone. “It is a fast, simple and instant payment option”.
“One of the biggest opportunities to move Zimbabwe towards a cashless and financially inclusive society lies in leveraging something millions of Zimbabweans already hold in the palms of their hands – their mobile phones,” said Ms Natalie Jabangwe.
Masterpass QR is now accepted at various stores and other acceptance locations across the country.
“Masterpass QR is a game-changer as it enables smaller retailers to increase sales, draw new customers into their stores and open up new commerce channels with little to no investment,” says Mr Gabriel Swanepoel, Vice President of Business Integration at Mastercard Southern Africa.
“We are pleased to partner with EcoCash to shape a new digital age of commerce in Zimbabwe – all using the market’s existing mobile payments infrastructure,” Mr Swanepoel said.
Zimbabwe has been steadily moving towards a cashless society partly due to the cash crisis that has haunted the country for almost 2 years
The Reserve Bank of Zimbabwe Deputy Director for Financial Markets and National Payments, Mr Josphat Mutepfa, commended the launch of EcoCash Scan & Pay, saying it would help speed up the uptake of electronic payments across the country in line with national policy.