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in Mobile Banking by Guru (91.1k points)
Telecel will be launching their mobile money offering soon, not yet sure of who the bank that will be partnering it will be.

What are the differences between the two mobile money offerings? Will one be cheaper than the other?

Use EcoCash to buy NetOne & Telecel airtime online. Tap here
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1 Answer

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Telecash is likely to be exactly the same as Ecocash. Look at how they even copied the brand name architecture (Ecocash / Telecash). Although they launched S'kwama way before Ecocash, Ecocash just overtook them with a more effective marketing strategy and now Telecel are following.  The obvious differences will be:

1. Pricing
2. The partnering bank (Ecocash uses Steward Bank.  Telecash will use some other bank)
3. What you will be able to pay for using Telecash (depending on which merchants they manage to sign up)
4. Distribution network (which agents will be signed up)
5. What transactions you will be able to do.

In many ways they will be similar.  but am confident Telecel is likely to add some few extras for competitiveness.

Let's wait for the launch and see
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