Here’s How To Use The EcoCash USD-Foreign Currency Wallet (FCA Wallet)

Mobile money platform operator EcoCash recently introduced a foreign currency account (FCA) wallet facility to promote preservation of value in line with Reserve Bank of Zimbabwe’s measures to ring-fence forex earnings.

The FCA digital wallet will appear alongside its existing wallet as an option on the EcoCash menu and comes in the wake of the recent introduction of foreign currency or Nostro accounts by Government.

In a statement following the launch of the FCA wallet, Econet subsidiary, Cassava Smartech’s chief executive officer, Mr Eddie Chibi, said the introduction of the FCA wallet provides opportunity for customers to preserve value and enjoy convenience.

He said all foreign currency transactions on the EcoCash FCA wallet would be exempt from the newly introduced 2c Intermediated Money Transfer Tax.

When we presented the launch, we left you hanging as we didn’t break down how you can get started with the Foreign Currency Wallet. Here is how you can go about it;

First off, dial *151# to enter your EcoCash password. After you enter your password, you are presented with a Menu. Then choose option 7, “Wallet services”

Choose option 5, “ Multicurrency”

Choose option 2, “Change Currency”

There is only one option, so enter 1

Confirm your selection by entering 1,  “Confirm”

You would have successfully changed your wallet into the EcoCash Foreign Currency Wallet

If you want to be sure (extra) sure that you have successfully changed your wallet into the EcoCash Foreign Currency Wallet you can start again to enter the *151#  to go to your Menu. After entering your password you will be presented with this Menu;

As you can see, the EcoCash Foreign Currency Wallet Menu is different from the normal Menu (local currency) wallet as there are no EcoCash diaspora, EcoCash Save services etc.