Econet wireless the country’s leading mobile money platform has increased transaction limits for Ecocash subscribers.
Below are the new transaction limits:
Sending money (peer to peer)
The limit for sending money has been increased from $1 000 to $5 000 per transaction.
Paying a merchant can now be done up to $10 000 in one transaction.
Bill payment limit is now $10 000 as well. The old limit was $2 000.
Debit card or a bank account can transact up to only $5 000 in any given day.
Customers who are linked to a debit card have their limits increased from $5 000 to $10 000.
Those with their EcoCash linked to a bank account can transact for up to $25 000.
There is now a new class of customers they are referring to as ‘Executive Grade.’ These customers are allowed to transact up to $30 000 in a day.
Customers who are not linked to a debit card or a bank account are now allowed to transact up to $20 000 per month.
If linked to a debit card, customers will be allowed to transact up to $35 000 per month
Customers whose EcoCash wallet is linked to a bank account can now transact up to $150 000 in a month, up from $50 000.
The Executive Grade customers will transact up to a monthly limit of $250 000.