{"id":73056,"date":"2023-01-24T11:25:35","date_gmt":"2023-01-24T09:25:35","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-lowers-its-us-dollar-transfer-charges"},"modified":"2023-01-24T14:14:30","modified_gmt":"2023-01-24T12:14:30","slug":"ecocash-lowers-its-us-dollar-transfer-charges","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/ecocash-lowers-its-us-dollar-transfer-charges","title":{"rendered":"EcoCash Lowers Its US Dollar Transfer Charges"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>EcoCash has reduced its US dollar transfer charges following the government\u2019s reduction of the Intermediated Money Transfer Tax (IMTT) to 2%, down from 4% effective from 1 January 2023.<\/p>\n

In a notice to its customers, EcoCash said the 2% tax only applies to transactions higher than US$5. It also said all cash-in transactions were free.<\/p>\n

EcoCash US dollar transfers are done via the EcoCash US dollar wallet, accessible by dialling *153# on an EcoCash registered Econet line.<\/p>\n

The EcoCash wallet allows users to cash in, cash out, send money, receive money, make payments and buy airtime in US dollars. A company spokesperson said:<\/p>\n

The beauty about the EcoCash USD wallet is that there is no need to register a new wallet, as all existing registered EcoCash customers have the USD wallet by default on their profile, which is accessible by simply dialling *153#.<\/p>\n

Cash-in can be done at Econet Shops, OK Supermarkets, and Steward Bank branches throughout the country, or at over 500 EcoCash branded merchant outlets across the country.<\/p>\n

Following the reduction in transfer charges, a registered EcoCash customer will pay a total of US$0.33 (US$0.20 IMT tax, and US$0.13 EcoCash fee) when sending US$10.<\/p>\n

Those cashing out US$10 will be charged US$0.17 in transaction charges.<\/p>\n

Sending US$50 now attracts a 2% tax of US$1.00 and a US$0.65 transaction charge, bringing the total transfer fees to US$1.65, while those cashing out US$50 will be charged US$0.85.<\/p>\n

Sending US$100 will cost US$3.30 \u2013 made up of US$2 in tax and US$1.30 in transaction fees. Cashing out US$100 attracts US$1.70 in charges.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. EcoCash has reduced its US dollar transfer charges following the government\u2019s reduction of the Intermediated Money Transfer Tax (IMTT) to 2%, down from 4% effective from 1 January 2023. In a notice to its customers, EcoCash said the 2% tax only applies to transactions higher than US$5. It also said all cash-in […]<\/p>\n","protected":false},"author":84,"featured_media":73055,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,906,10420,11802,5998,1889,13247,19],"class_list":{"0":"post-73056","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-africa-press","10":"tag-africa-press-zimbabwe-2","11":"tag-ecocash","12":"tag-ecocash-holdings","13":"tag-ecocash-holdings-zimbabwe","14":"tag-ecocash-zimbabwe","15":"tag-imtt","16":"tag-imtt-tax","17":"tag-zimbabwe"},"yoast_head":"\nEcoCash Lowers Its US Dollar Transfer Charges - zimbabwe<\/title>\n<meta name=\"description\" content=\"EcoCash has reduced its US dollar transfer charges following the government\u2019s reduction of the Intermediated Money Trans ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-lowers-its-us-dollar-transfer-charges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EcoCash Lowers Its US Dollar Transfer Charges\" \/>\n<meta property=\"og:description\" content=\"EcoCash has reduced its US dollar transfer charges following the government\u2019s reduction of the Intermediated Money Trans ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-lowers-its-us-dollar-transfer-charges\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-24T09:25:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-24T12:14:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/01\/postQueueImg_1674546952.79.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"760\" \/>\n\t<meta property=\"og:image:height\" content=\"349\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-lowers-its-us-dollar-transfer-charges\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/ecocash-lowers-its-us-dollar-transfer-charges\",\"name\":\"EcoCash Lowers Its US Dollar Transfer Charges - 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