New Mobile Financial Service, EcoCash Plus, Designed for Small Businesses and the Informal Sector
EcoCash, a leading mobile money platform in Zimbabwe, has announced the launch of its new wallet, EcoCash Plus. This innovative service is specifically designed to cater to the needs of small businesses and vendors, aiming to simplify their daily operations, enhance safety, and connect them to a wider range of opportunities [1][3][4].
EcoCash Plus is a multi-functional wallet that allows business owners to receive payments from customers and suppliers, pay employees and suppliers, buy ZESA tokens and airtime, settle municipal bills, and even order stock directly within the EcoCash ecosystem [1][3][4]. The wallet is marketed as a cost-effective solution for small businesses, with no monthly charges or hidden fees [1][3][4].
The absence of monthly fees and hidden charges makes EcoCash Plus an affordable option for small-scale entrepreneurs, who often operate under tight financial constraints. The transparency that comes with digital statements and in-app fee checks further ensures that users can monitor any charges clearly within the app environment [2].
EcoCash Plus is positioned to support informal businesses that traditionally operate outside the banking system. By providing a convenient and affordable financial tool, EcoCash aims to attract these businesses to the mobile money platform [1].
To register for EcoCash Plus, small businesses can message the WhatsApp number 0777 222 152 and follow the prompts. The registration process involves providing a valid national ID, proof of residence, and a trading licence or other relevant supporting documents [1].
With EcoCash Plus, business owners can manage their payroll, pay bills, transact, and track their business records all via their mobile phone, making financial management more accessible and convenient [1]. EcoCash's introduction of this wallet is a significant step towards building infrastructure for long-term growth, trust, and financial inclusion in Zimbabwe.
Sources: [1] EcoCash. (2021). EcoCash Plus. Retrieved from https://www.ecocash.co.zw/ecocash-plus/ [2] EcoCash. (n.d.). EcoCash Fee Structure. Retrieved from https://www.ecocash.co.zw/ecocash-fees/ [3] The Financial Gazette. (2021). EcoCash Launches EcoCash Plus for Small Businesses. Retrieved from https://www.financialgazette.co.zw/ecocash-launches-ecocash-plus-for-small-businesses/ [4] Techzim. (2021). EcoCash Launches EcoCash Plus for Small Businesses. Retrieved from https://www.techzim.co.zw/2021/06/ecocash-launches-ecocash-plus-for-small-businesses/
EcoCash Plus, an innovative service on the mobile money platform in Zimbabwe, leverages technology to offer small businesses a multi-functional wallet. With this wallet, business owners can manage their finances, including receiving payments, paying bills, and ordering stock, all through their mobile phones.
