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Econet Telecom Lesotho — Sasai Econet Financial Services

Business

Sasai Econet Financial Services, a subsidiary of Econet Telecom Lesotho continues to make significant inroads
in its effort to positively transform lives throughout the Mountain Kingdom and by tirelessly working towards reshaping the country’s financial services landscape.
Beyond Sasai Econet Financial Service’ strides to reach the unbanked population in Lesotho with innovative financial solutions, the company has also forged partnerships with renowned and leading remittance service providers such as Sasai Money Transfer and Terrapay.
The General Manager – Sasai Econet Financial Services, Ms ‘Matikoe Letsie, said Sasai Econet Financial Services has, over a decade, embarked on a mission that is directed towards bringing financial inclusion to every
corner in Lesotho with an unobstructed vision to empower individuals, families, and businesses with accessible,
reliable, and innovative financial solutions.
She said EcoCash Spache-Fono, which is Sasai Econet Financial Services’ pioneering mobile money platform,
has become a symbol of convenience, empowerment, and progress. It has not only revolutionized the way Basotho transact but has also become a catalyst for economic growth and stability. Through EcoCash, entrepreneurs have been empowered to launch and expand their businesses, families can send and receive funds
across distances, and communities now have access to financial services that were once beyond their reach.
Transcending borders and collaborating with these renowned remit partners strives to bring even greater ease
and speed to international remittances, connecting families across borders and enabling them to send and receive funds securely through the EcoCash platform.
Sasai Econet Financial Services’ partnership with Sasai Money Transfer allows both organizations to empower
thousands of Basotho and other residents across the Mountain Kingdom to use a safe and secure FinTech platform. Customer can now receive money from their friends and loved ones in South Africa, UK, China, Pakistan,
India, Zimbabwe, Zambia, Botswana, Kenya, Uganda, Tanzania, Congo, Ghana, Somalia, and Malawi. Moreover, this partnership also facilitates faster, simpler, and secure cross-border payments for EcoCash customers
when receiving money and making payments across these countries.
Through the collaboration with with Terrapay, customers can simply Download the Hello Paisa app from Google
Play Store, or the Apple Store then add the recipient details and select the country (Lesotho). Payments can be
made via EFT or any of Hello Paisa pay in points (Pick ‘n Pay, Spar, Checkers, Boxer, Shoprite, Ackermans,
PEP, Makro, Hello Store) and the recipient will securely receive money in their EcoCash wallet with great convenience and ease.
“What is also thrilling about these partnerships is that they offer a much more needed solution to increase
access to and use of remittances received by households for greater financial inclusion and investment opportunities” said Letsie
EcoCash Spache-Fono has evolved drastically since its inception over a decade ago to bring about financial
freedom and inclusion to sectors of the population in Lesotho that has, for a long time, been left behind. Once
money is in the EcoCash Spache-Fono, customers can transact from the comfort of their homes. They can pay
water bills, buy electricity, pay Econet contract bills, pay ground rent, pay insurance premiums, pay TV subscriptions, municipal rates

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