EcoCash marks decade of financial inclusion

Seabata Mahao

Telecommunications giant Econet Telecom Lesotho (ETL), through its subsidiary Sasai Econet Financial Services (SEFS), is celebrating ten years of facilitating financial inclusion through its EcoCash and EcoSure services.

The mobile money transfer platform, EcoCash was launched in 2012, while EcoSure followed in 2013.

EcoSure is Lesotho’s first paperless funeral insurance accessible through ETL sim cards.

SEFS last week celebrated its milestone with its strategic partners including Lesotho National Insurance Group (LNIG), Mukuru Lesotho, and Pick’n Pay among others.

‘Matikoe Letsie, the General Manager of SEFS said as the pioneering mobile money platform in the country, EcoCash has become a symbol of convenience, empowerment, and progress.

She said it has not only revolutionised the way of making transactions but has also become a catalyst for economic growth and stability.

 â€œWe are delighted to be here today along with our esteemed partners who are the epitome of the success and life-changing impact we have been able to realise over the past decade through EcoCash Spache-Fono and EcoSure Rebolokehile across this beautiful Mountain Kingdom,”

She said Sasai Econet Financial Services is proud to have forged a partnership with Pick ‘n Pay, which will enable customers to seamlessly make payments at their favourite Pick ‘n Pay stores with EcoCash, and has also partnered with Mukuru Lesotho for its financial services to Basotho countrywide. 

“Through EcoCash, we have empowered entrepreneurs to launch and expand businesses, families to send and receive funds across distances, and communities to access financial services that were once beyond their reach.”

“As we stand on the threshold of the future, we are filled with renewed enthusiasm. The next chapter promises even greater possibilities with more innovation, more inclusion, and a continued dedication to creating lasting positive change. Our journey has been one of growth, and we pledge to continue growing, evolving, and adapting to the changing needs of our society,” Letsie stated.