Econet, Homelink sign MoU

HARARE – THE country’s biggest mobile telecommunications company Econet Wireless has begun rolling out its new foreign currency-denominated airtime recharge card.

The International Calling Card is an innovative new product that will allow users making international calls to purchase airtime in foreign currency. This follows the Reserve Bank of Zimbabwe’s licensing of Econet under the Foreign Exchange Licensed Warehouses and Retail Shops (FOLIWARS) category.

Econet becomes the first mobile service provider in Zimbabwe to provide such a service.

Chief executive officer Mr Douglas Mboweni said the easy access card is the product of a continuous drive at Econet to develop new services that respond to the changing demands of the market.

"We are very excited about this latest innovation," Mr Mboweni said.

"We are always looking to develop products that meet the needs of our subscribers.

"Products that deliver value to shareholders, while also increasing our ability to build our network.

" We believe this card is one such product."

The card will boost Econet’s foreign currency earning capacity, allowing the company to meet its foreign obligations, such as payment for international calls terminating on its network and the purchase of equipment needed for network expansion and upgrade.

The easy access card will be sold in selected Econet shops, and will soon be rolled out into other foreign currency licensed outlets across the country.

The card is available in US dollar, rand and British pound denominations, and can be used on all three Econet packages; Libertie, Business Partna, and Buddie.

Mr Mboweni stressed that subscribers will still be able to make domestic and international calls in local currency.

However, subscribers making international calls now have the flexibility of choosing between purchasing the new card and reverting to local currency calls. Sunday Mail