Home BUSINESS EcoCash Reduces IMT Tax On USD Transactions From 2% To 1%

EcoCash Reduces IMT Tax On USD Transactions From 2% To 1%


EcoCash Zimbabwe has reduced IMT Tax on USD transactions from 2 percent to 1 percent. In a message sent to this reporter, the Mobile Money service provider said:

Dear Customer

IMT Tax on USD Transactions has been reduced from 2% to 1%. Total send money charge is now 2.3%. To send US$10 you will be charged 23 cents only.

Ecocash users can

  • Transfer (send) money across all networks
  • Pay for goods and services locally and internationally
  • Pay bills such as school fees, Council utility bills (water, rates), DSTV, etc
  • Withdraw money (Cash-Out)
  • Buy Econet prepaid airtime, text, and data bundles or pay a directly connect account for yourself and other Econet subscribers
  • Make secure online payments
  • Receive money from diaspora
  • Deposit money (Cash-In)
  • Save money
  • Access loans
  • Link EcoCash wallet to their bank accounts

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