ZIMBABWE’S largest telecommunications and technology company, Econet Wireless, has achieved an Africa first by opening two free remittance corridors into the country, completely eliminating the cost to both sender and receiver.
Econet has partnered with its sister company, Sasai Money Transfer, to enable individuals and companies in the United Kingdom and South Africa to send money into Zimbabwe free of charge, starting yesterday. The receiver also cashes out of their EcoCash wallet for free.
International remittances attract a charge of up to 15 percent for the sender, while the receiver is charged three percent when cashing-out.