The Minister of ICT and Cyber Security, Supa Mandiwanzira told The Fingaz that EcoCash dominance in the mobile money sector could lead to a disaster if not curtailed.
According to Mandiwanzira, there are two stats that are a cause for concern. Firstly, EcoCash processes about 90% of transactions in the entire mobile money field and, secondly, 98% of the country's mobile money subscribers are on EcoCash as well.
What happens when EcoCash crashes?
The problem with this, according to Supa, is that if the EcoCash systems were to fail at any given time the disruption would affect the entirety of the nation.