FULL THREAD: "ECOCASH Lie About Their Bureau De Change Rates" - Kuda Musasiwa
Kuda Musasiwa, Zimbabwean entrepreneur, musician, and music producer has claimed that Ecocash are lying about their bureau de change exchange rates.
His remarks come after the largest mobile phone-based money transfer, financing and microfinancing service, Ecocash, recently launched its Bureau de Change platform after receiving a licence.
Musasiwa said on Twitter:
Retweet if u have bought your own cash for 35% – 40% from @EcoCashZW. They say they have dealt with agents. I say it’s lies. I think all Ecocash agents should be linked to an atm, retail shop or bureau DE changé and all rogue agents should be revoked. @MthuliNcube @GGuvamatanga
Ecocash now want the diaspora to send remittances using their bureau DE changé. Send ur loved one $100USd they receive $1080 on ecocash then lose $400 to @EcoCashZW agent to buy mafuta in fiyo and catch a combi coz that demands cash. Their rate is 1:6 not 1:10.8. Don’t do it!
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