• Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us
Premium Tech News and Analysis | Zimbabwe
Advertisement
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us
No Result
View All Result
Premium Tech News and Analysis | Zimbabwe
No Result
View All Result
Home News

Steward Bank launches a POS Machine, Kwenga

Eyetro by Eyetro
January 9, 2019
in News
0
Steward Bank launches a POS Machine, Kwenga
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

In one of our previous articles, we asked where Ecocash Ta! went, a system which was going to be the most used mobile money transfer gadget in Zimbabwe because of its features.

That will be totally forgotten as a new baby is born in the banking sector. Econet Wireless Zimbabwe owned Steward Bank yesterday unveiled Kwenga, a portable Point of Sale (POS) machine which is meant for small business which may not be able to buy the traditional POS machines.

The device is meant for the most ignored yet mostly populated market, the Small to Medium Enterprise (SME).

Due to the economic downturn in the country,  SMEs are the most dominant to anything else which then makes Kwenga relevant.

For micropayments below a dollar,  Kwenga has no charges which mean it can be used by vendors and Kombie operators.

image:Steward bank

Quite often,  due to the cash crisis currently facing the nation,  buying at the market or commuting has been a crisis,  but with Kwenga coming on board,  it will soon be a thing of the past. In addition,  it also allows users to swipe to Ecocash.

Ecocash is the most used digital payment platform in Zimbabwe, taking about 80% of all e-transactions.

To acquire a Kwenga device,  it only cost $35 and $200 for the smaller device and for the bigger one respectively.

Currently, an ordinary POS machine costs $600 – $700 to acquire, and with this huge difference,  Kwenga promises to be the real deal.  The device can also be used by up to 5 users hence the costs of acquiring the machine can be shared.

The Kwenga merchant portal is available on internet banking, mobile banking and even on your kambudzi phone.

One can also apply for Kwenga loans without having to visit the bank. Their algorithms look at your activity and decide if you get one.

Tags: ecocashKwengaSteward Bank
Previous Post

IoT: An opportunity in Africa for businesses

Next Post

Vivo launches phone with in-display fingerprint sensor

Eyetro

Eyetro

Eyetro Digital is a private and independently run entity providing tech news within Zimbabwe and the world at large. The blog specializes in covering business and Information Technology news, guidelines and professional assessment, views, and reviews of products and services. Our pursuit is to serve the local market with tech news and hold the largest online community discussing tech issues affecting the world

Next Post
Vivo launches phone with in-display fingerprint sensor

Vivo launches phone with in-display fingerprint sensor

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 81 Followers
  • 22.9k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
gbwhatsapp

See read delete everyone messages: GB Whatsapp

April 8, 2018
Spotify Expanding footprint to Zimbabwe

Spotify Expanding footprint to Zimbabwe

February 25, 2021
Warning to all GbWhatsApp 2020 Users

Warning to all GbWhatsApp 2020 Users

March 28, 2020
Cassava Smartech launched Ecocash Web Portal and USSD

Cassava’s Revenue Scales up 68% as Diversification Strategy Pays Off

February 17, 2021
Instagram

Instagram Rolling Out The Threads App

47
Linus Torvalds

Linux Boss condemns Facebook, Instagram and Twitter

17
The next version of WhatsApp will make it easier for you to style you text

WhatsApp Group Admins Required to Register

16
Apple iOS

Six biggest takeaways from WWDC

11
What About Using MiniTool to Back Up your Pc?

What About Using MiniTool to Back Up your Pc?

February 26, 2021
Spotify Expanding footprint to Zimbabwe

Spotify Expanding footprint to Zimbabwe

February 25, 2021
Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

February 23, 2021
The next version of WhatsApp will make it easier for you to style you text

Experience Chatting and Interacting with Yourself on WhatsApp

February 23, 2021

Recent News

What About Using MiniTool to Back Up your Pc?

What About Using MiniTool to Back Up your Pc?

February 26, 2021
Spotify Expanding footprint to Zimbabwe

Spotify Expanding footprint to Zimbabwe

February 25, 2021
Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency

February 23, 2021
The next version of WhatsApp will make it easier for you to style you text

Experience Chatting and Interacting with Yourself on WhatsApp

February 23, 2021

Latest Posts

  • What About Using MiniTool to Back Up your Pc? February 26, 2021
  • Spotify Expanding footprint to Zimbabwe February 25, 2021
  • Zim’s Currency Crisis Paves The Way For New Solutions: Local Cryptocurrency February 23, 2021

Recent News

What About Using MiniTool to Back Up your Pc?

What About Using MiniTool to Back Up your Pc?

February 26, 2021
Spotify Expanding footprint to Zimbabwe

Spotify Expanding footprint to Zimbabwe

February 25, 2021
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us

© 2021 Eyetrodigital.

No Result
View All Result
  • Home
  • News
  • Analysis
  • Reviews
  • Opinions
  • About
  • Jobs
  • Contact Us

© 2021 Eyetrodigital.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used.