Telecash Officially launched With Heavily Slashed Rates

By Toneo Tonderai Rutsito

Telecel Zimbabwe Tonight  officially launched the much anticipated Telecash, their mobile money transfer service at Rainbow Towers Group Hotel at an event graced by,  Honorable Ministers, top Govt officials, The Telecel board & Staff, Top corporate executives and the members of the public.

Telecash has launched with three major advantages of Interoperability across all mobile networks, financial support of Zimswitch plus a whooping average 30%   cheaper rates compared to Ecocash.

Telecash Charges

Announced Telecash  Tariffs/charges

Ecocsh Tarrifs charges

Trending Ecocash Tarrifs / charges, Rates

Telecel announced that they have partnered their service with Afrasia Kingdom bank as their official financial service parner

Officially launching the mobile money service was the Minister of ICTPS, Hon Webster Shamu, who took us back in his early days with the Telecel founder, Mr James Makamba and how he and Philip Chiyangwa were also incorporated in the board as means of empowerment.

Telecash launch Shamu

Hon Shamu revealed that Telecel is of sentimental value to him and reminded the crowd that it was the first company in Zimbabwe to make SIM cards available to all Zimbabweans hence changing the  game.

The General manager of Telecel Mrs Angeline Vere said “With Telecash money can be deposited via agents, banks or Telecel shops into a Telecel account which becomes e-money and can be transferred without visiting banks or pay for bills, buy airtime or send money between users”


She said the difference between Telecash and services like Skwama and Texta cash is that  these were bank driven while Telecash is MNO driven and Telecash can send or receive money to any mobile phone or from any bank connected on the Zimswitch Service.Angeline Vere and PS Kundishora

Also present was honourable Chinotimba, who as usually hogged the limelight with his loosely translated jokes when Hon Shamu read a text from him which said”  I want to congratulate thoz who passed away in their A levels” leaving the crowds in stitches.

Also in attendance was RBZ rep Mr Saburu, Wife to founder, Mrs Makamba, Deputy General of Potraz Mr Marisa, The CEO of Afrisia Mr Mukonoweshuro, ,  Businessman Mr Esau Mupfumi plus the top executive of Telecel Zimbabwe.

Hon Shamu commended Telecel for coming onboard targeting the unbanked market across all mobile networks.

The  Mobile Financial Service director Mr Nkosinathi Ncube revealed that Telecash amongst the generic services will be offering bulk payments, a system that can replace payrolls, a move similar to the Econet`s payroll system.

Telecash Bulk Payment Facility

Mr Ncube said that we chose a bank that has a well known reputation to partner with and they have also dedicated an entire call centre to Telecash, “This will be a first class dedicated call centre with a short code  which one calls to get dedicated support”

He also said they highly uplifted interoperability with banks thus interconnected all banks on Zimswitch making sending or receiving money from the bank via Telecash a possibility, a move which is mostly welcome considering the inconveniencing bank hours in Zimbabwe

According to Telecel, Telecash has started off with 1600 liquid agents,  plus many retail outlets which will be accepting Telecash while they sell their products.

Telecash Ecosystem

Telecash MenuWhile closing  his remarks, Nkosinathi said” We have broken a temporary monopoly, you now have an affordable choice, you can go ahead and Tell someone.”

The moment of truth begins from today, will Telecel subscribers grab the opportunity, how many Zimbabweans will find the service convenient and affordable to encourage them to sign up.

For Telecash to succeed, its really a game of numbers and theur affordable rates is a good selling point for a start while agents networks and retailer accepting telecash will determine the rowth of this new service

During the launch we witnessed probably the first batch of subscribers signing up and there were given a cool $5 to welcome them to the network, we watch and see how the game of numbers proceeds.

You may watch the Full Video Launch Here

Here is more on our facebook page and just a bit in pictures here

Telecash launch 1 Telecash launch 2 Telecash launch 3 Telecash launch 4 Telecash launch 5 Telecash launch 6 Telecash launch Shamu

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