Telecel’s TeleCash to launch this week

27 Jan 2014

Telecel Zimbabwe’s new mobile money service, dubbed ‘TeleCash’, will reportedly be introduced in the capital Harare by the end of this week, local news agency TechZim reports, citing unnamed sources familiar with the matter. The service was initially scheduled to launch in the fourth quarter of 2013, but faced delays due to the need for a ‘full integration to a number of banks’. The new service will reportedly offer lower tariffs than rival Econet’s mobile money service.

According to TeleGeography’s GlobalComms Database, the TeleCash mobile banking service will be the company’s second entry in the niche sector. In December 2010 Telecel pre-empted larger rival Econet’s plans by launching a mobile money service under the ‘Skwama’ brand name, enabling handset users to make money transactions at partner banks, supermarkets or post offices. Unlike the Econet Eco-Cash service, however, Skwama never caught on with users and it was quietly phased out; an official confirmation of the end of the service was issued in September 2012.

Zimbabwe, Telecel Zimbabwe,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.