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EcoCash raises transaction charges

ECOCASH, Zimbabwe’s leading mobile money platform, has increased transaction limits for EcoCash subscribers, Techzim reports.

According to the blog, these are the new transaction limits:

Sending money (peer to peer)

The limit for sending money has been increased from $1 000 to $5 000 per transaction.

Merchant payment

Paying a merchant can now be done up to $10 000 in one transaction.

Bill payments

Bill payment limit is now $10 000 as well. The old limit was $2 000.

Daily limits

Debit card or a bank account can transact up to only $5 000 in any given day.

Customers who are linked to a debit card have their limits increased from $5 000 to $10 000.

Those with their EcoCash linked to a bank account can transact for up to $25 000.

There is now a new class of customers they are referring to as ‘Executive Grade.’ These customers are allowed to transact up to $30 000 in a day.

Monthly limits

Customers who are not linked to a debit card or a bank account are now allowed to transact up to $20 000 per month.

If linked to a debit card, customers will be allowed to transact up to $35 000 per month

Customers whose EcoCash wallet is linked to a bank account can now transact up to $150 000 in a month, up from $50 000.

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The Executive Grade customers will transact up to a monthly limit of $250 000.

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