Using InnBucks Microbank just got cheaper by a 2% margin. Since last year sending money through Innbucks costed less. Innbucks has also recently announced a 5% Cashback when you Buy Econet and NetOne Airtime on the Innbucks mobile app and USSD platforms.
Transaction | Charges |
---|---|
Deposits | Free |
Withdrawals | 2% |
Sending less than $5 | 1% |
Sending more than $5 | 3% |
If you ask me my opinion on the Innbucks' charges I would say they might not be the cheapest in the market but considering cash avialability Innbucks is very reliable compared to other micro-finance banks such as Ecocash where agents usually run out of float.
Innbucks is a fintech solution and microfinance institution that originated as a mobile app designed to address the challenge of receiving loose change at restaurants in Zimbabwe. Initially launched by Simbisa Brands, a major restaurant operator, Innbucks has evolved into a comprehensive financial platform offering various services, including digital payments, savings accounts, mobile wallets, microloans, mobile banking, and value-added services like airtime purchases.
It has become one of Zimbabwe's most popular fintech platforms, with millions of users and a wide range of financial products. Additionally, Innbucks has navigated regulatory challenges and obtained licenses to operate as a deposit-taking microfinance institution, further solidifying its position in the market.
Remember to always exercise caution and ensure the security of your personal and financial information when using any mobile app, including Innbucks.