Econet gets a million mobile money users

12 Mar 2012

Econet Wireless Zimbabwe has revealed that it has signed up one million users to its EcoCash mobile money service, which launched in September last year. The cellco says the subscriber milestone ‘has been achieved in record time and [represents] the fastest growth of such a service in the world’. The bulk of users are thought to be using EcoCash for mobile airtime top-ups rather than for mobile payments or money transfers, a report from TechZim suggests. Econet Wireless is the largest cellular operator in Zimbabwe, with around 5.8 million subscribers and a 63% share of the overall mobile market at the end of 2011 according to TeleGeography’s GlobalComms Database.