From next week Zimbabweans living in the UK and South Africa will be able to send money home direct to an EcoCash Foreign Currency Account that they control – for just 2,5%. This represents an almost 80% reduction in fees normally charged.
The service, which will be available to anyone who downloads the Sasai App, will be free for three months up to November 15, 2019, according to Cassava Fintech, that Econet business that launched the App.
The “Zimbabwe Corridor” is the first Sasai Remittance service, but the company is planning to do the same for countries such as Nigeria, Ghana and Ethiopia by the beginning of October.
The Sasai App was launched at the beginning of August by Cassava Fintech, a wholly owned subsidiary of the Econet Group, and has so far been downloaded in 113 countries. It already has such services as a full payment platform which is linked to all mobile money services in Africa, and plans to offer access to eCommerce platforms like Alibaba, Konga and Amazon.
On Sasai, one can chat for free, transfer money, remit to another country or do online shopping.
Meanwhile, Cassava has said Sasai plans to release its fourth upgrade this coming weekend.
Each upgrade comes with fixes to bugs as well as addition of new services. The next upgrade is set to release most of the eCommerce services under Sasai Explore. The company said there will be two further upgrades in the month of September.