The Sunday Mail
Online Reporter
Cassava Smartech Zimbabwe – trading as EcoCash Holdings Zimbabwe Limited – together with its long-term technology partner, Comviva, has won two silver awards at this year’s Emerging Payments Awards.
Cassava Smartech and Comviva won the silver for the Green financial inclusion initiative by mobile money platform EcoCash in the ‘Best Direct Account to Account Solution’ and ‘Most Innovative Mobile or Financial Service Payments Solution’ category.
The winners were announced at the Emerging Payments Awards Ceremony held recently in London.
Climate change and its adverse impacts are growing concerns throughout the world, including in Zimbabwe.
EcoCash, Zimbabwe’s largest mobile-money service, which is used by over 80 percent of country’s adult population, recognises its pivotal role in financial inclusion.
Speaking on the award, Cassava Smartech Zimbabwe CEO Mr Eddie Chibi said:
“At Cassava Smartech we are focused on serving where the need is greatest, and we are happy that our efforts and initiatives are being appreciated at global industry awards like Emerging Payments awards.
“Through EcoCash we are leveraging mobile technology to extend financial inclusion to all Zimbabweans and creating a cash-lite economy.”
EcoCash is driving ‘Green Financial Inclusion’ by launching innovative new features, services and initiatives such as enabling humanitarian organisations and NGOs to disburse financial-aid digitally via EcoCash to people impacted by climate change disasters, like droughts and floods, thus helping them to sustain and overcome food insecurity.
The innovative mobile platform also helped collect donations digitally for relief-efforts during climate change-induced disasters, such as cyclone Idai, to help with rescue, relief and rehabilitation for victims.
Cassava Smartech is also providing weather-index crop-insurance to farmers to build resilience in the wake of climate change-induced droughts, helping them sustain themselves despite crop failure emanating from excessive or scarce rains.
In addition, it is encouraging the use of ‘clean’ solar energy by enabling customers to pay conveniently to solar companies for solar services using EcoCash.
Said Comviva head of Africa region Mr Anil Krishnan:
“This award validates our efforts in bringing innovative fintech services to the forefront.
“We believe that fintech solutions that cater for the necessities of the people on the ground and during natural calamities have the power to bring financial inclusion.
“EcoCash in Zimbabwe is one such service which has largely replaced cash and is helping in promoting financial inclusion and alleviating the cash challenges.”
