EcoCash Holdings, Not EcoCash Mobile Money, Is Changing Its Name

Zimbabwe’s biggest telecoms and tech company, Econet Wireless Zimbabwe Limited, has clarified that EcoCash, the country’s largest mobile money platform, is not changing its name.

This comes after misleading headlines like “EcoCash changes name” caused some confusion.

The mix-up likely stems from business restructuring under Econet Wireless a few years ago.

Back in 2018, Econet Wireless separated its fintech businesses, including EcoCash, VAYA Technologies, Econet Insurance, Econet Life, MARS Zimbabwe, and Maisha Health Fund, into a new company called EcoCash Holdings.

This created two separate companies: Econet Wireless and EcoCash Holdings.

But in April 2024, Econet reversed this move by bringing most of those businesses, including the EcoCash mobile money platform, back under Econet Wireless. The only business left in EcoCash Holdings was Steward Bank.