EcoCash limits reviewed to Z$280 000 per month, Z$400 000 to shop and pay bills

MOBILE money service operator EcoCash has adjusted upwards its transaction limits with users now able to send up to ZW$280 000 per month, and to shop and pay bills of up to ZW$400 000 in a single month.

“The good news for EcoCash customers is that they can now transact up to the monthly limit in a day, allowing them to transact at their discretion in line with their incomes,” said the company in a brief update.

“While EcoCash customers are still limited to sending a maximum of Z$10 000 on send money per transaction, and Z$50 000 for shopping and paying bills, they can now repeat those transactions up to the monthly limit of Z$280 000 or Z$400 000 in a day, respectively.”

Mobile money users have been struggling to make transactions due to low transaction limits, which have now been significantly eroded by rising prices and inflation.

For instance, farmers could not procure inputs at one go, as the transaction limit for paying merchants was Z$25 000, while parents could not easily pay school fees for their children without hitting the limit.-The Chronicle