Helping to bring Africa’s leading mobile money payment platform, Ecocash, to the world
Customer:
EcoCash is an innovative mobile payment solution that enables Econet customers to complete simple financial transactions. We helped launch Econet’s new mobile money payment product by integrating the Ecocash platform with financial institutions and implementing over 10,000 POS terminals across Zimbabwe.
Challenges:
A long-standing wholesale customer of Liquid Intelligent Technologies, Econet Wireless Zimbabwe provides telecommunications services and payment solutions. To ensure success of the new Ecocash product, they needed to open up the ecosystem by integrating their platform with financial institutions for transfer of funds between the end user, their Ecocash Wallets, banks and third party billers such as DSTV. POS terminals were also required to enable printing of customer and merchant receipts.
Solutions:
We implemented a Postilion payments platform for payment switching, as well as HSMs (Hardware Security Modules) and Stratus fault-tolerant servers to ensure uptime. We developed Interfaces to financial institutions, the mobile money payment platform ‘Mobiquity’ and third-party billers. And we supplied 10,000 POS terminals – as well as a customised terminal application and management system.
Testimonial:
“Liquid’s technical expertise, local understanding and previous experience integrating mobile money platforms with financial institutions meant there was simply no partner better placed to help us launch Ecocash. The resulting success has been phenomenal, with uptake by over 2.3m Zimbabweans in less than two years – over 30% of the country’s adults.”
Econet Wireless Zimbabwe employer
