business

March 26, 2021

STAFF REPORTER

2 min read

Econet partners with Enrich stores

Econet partners with Enrich stores

Enrich Store at Ha Mafafa, in Maseru

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ECONET Telecom Lesotho has partnered with a locally owned chain store called Enrich Stores, through a point of sale integration on its mobile money platform Eco-Cash.

This was revealed by the two companies on Tuesday at a joint launch of their collaboration and introduction of this ground breaking system integration between a telecommunications giant and a chain store owned by more than 1000 shareholders.
The innovation serves as a platform that will offer convenience to customers by simply allowing them to pay for groceries effortlessly from their Eco-Cash wallets into Enrich Store's merchant account.
Speaking at the event, Econet Sales and Distribution Manager ’Matikoe Letsie said that the two companies combined their systems to ensure a seamless and effortless shopping experience.

She said no card is needed to swipe at the till and definitely no additional point of sale device that crowds the till because everything is initiated at the till, adding that there is only communication between a customer's phone and Enrich's check-out device.
We do not call it Eco-Cash 'spache-fono' for nothing.

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Thus a phone indeed becomes a wallet', Ms Letsie also said.
She said in this case, payments happen smoothly between customers' mobile phones and the shop's computer.

For his part, the Director of Enrich Stores Maine Maine expressed his happiness that the business has become a pioneer of an innovation that will not only serve their customers but will also save the store from dealing with lots of cash on a daily basis.
This assimilation of the systems gives us peace of mind because cash collected on a daily basis is not exposed to robbery but will go directly into the merchant’s account,” he said.
Mr Maine said the integration will provide customers with the flexibility to pay with cash, bank or Eco-Cash, something he described as game-changing.

He noted that Enrich Stores offer a complete set of Eco-Cash services in which customers can also deposit and withdraw money from in-store agent.
 

 

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