Econet Wants Cash ‘Only’ For Bulk Airtime

Zimbabwe’s largest telecoms company, Econet Wireless is demanding cash payments “only” from its bulk airtime dealers or re-sellers. Econet is the only mobile network operator demanding cash whilst the other operartors are  still accepting electronic money.

Vendors have complained that these demands are unreasonable due to the current cash crisis. Econet justifies these demands by saying that it will accept the same form of payment that airtime dealers were accepting from their customers.

Econet Wireless media relations executive, Fungai Mandiveyi said:

“Where the dealers or resellers are paid in cash, Econet expects to be paid by the dealers in cash. Where the bulk airtime resellers are paid by electronic transfer or by EcoCash, Econet expects the same mode of payment from the dealers.

Econet deposits all the cash receipts from its dealers, resellers and customers with the banks and sends daily returns of its banking to the Reserve Bank of Zimbabwe.

All our individual customers may make payment for individual airtime, data or any other Econet products and services by EcoCash, Point of Sale devices or by direct bank transfer.”