EcoCash, will allow users to send and receive money, buy airtime, and make other payments using their mobile phones. Unlike other mobile banking offerings that have emerged on the market, customers using EcoCash are not required to have a bank accoun Link to external site : Website for Econet Ecocash Spache Fono Lesotho |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2012 Sep Register/Log In |
| Importance |
High Register/Log In |
| Traction |
Low but Growing Upgrade to Bronze |
| Evaluation | |
| Account Type |
Stored Value Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Agent  Mobile |
 |
 AT  BP  DMT  EARN  MM  MP  MW  Trade |
|
Agent Mobile |
||
| Model |
non-bank based Upgrade to Bronze |
| Who Leads? |
mobile operator led Upgrade to Bronze |
| Reach |
Subnational Upgrade to Bronze |
| Active Users |
-- NA -- Upgrade to Bronze |
| Registered Users |
-- NA -- Upgrade to Bronze |
| Potential Mobile Market (m) |
1.210 Upgrade to Bronze |
| Regulations |
Eco cash has a daily transfer limit of M500, weekly limit of M2 500 and monthly limit of M10000. Upgrade to Bronze |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
None Register/Log In |
| ServicesDescription |
Keep money in their phone (mobile wallet), send money to Eco net customers and those of other networks, receive money from Eco net subscribers, buy airtime, buy goods from participating agents (almost similar to swiping a debit or credit card), receive yo Upgrade to Bronze |
| Channels | |
| Payment Instruments | |
| Cash I/O Description |
where money is being sent to another person, for instance, the recipient gets an SMS indicating a code he or she would either present at an Eco net Centre or Post Bank for withdrawal of the funds. Eco net has 15 centres across the country, while Post Bank has 46 stations in which Eco cash services would be available. Other outlets to offer the service will be appointed in due course. |
| Cash I/O No Of Locations | |
| Handsets |
all types of cellphones regardless of whether or not they are connected to the internet. Register/Log In |
| Technologies | |
| Interoperability | |
| RegistrationProcess |
Register to get Eco cash services by dialling *199# on cell phone Register/Log In |
| Main Segment | Unbanked |
| Segment Description |