Netone’s One Money
After two months of being tested Netone is now set to launch a mobile money service and Zimswitch-enabled debit card with very low charges.
Zimbabwe’s second biggest mobile operator, with 1,103,124 Registered mobile money subscribers, 11,093 Active Subscribers ( An active mobile money subscriber is defined as customer account that has used the mobile money service to make transactions that involve the movement of value (such as cash-in, cash-out, bill payments, airtime top-ups, etc at least once in the last 90 days) as report by Potraz’ 3rd Q 2016, with also a market share of 0.3% active mobile money subscriptions, it was reported that Last week the Debit card was unveiled in Murehwa at the rollout of the syndicate mobile payment platform.
The rollout payment system was both in conjunction with Moonlight, Telone, Grain Millers Association of Zimbabwe and Metbank. Netone was the first to launch a mobile money service, One Wallet but the service failed due to poor marketing.
Hopefully this One Money will make them to gain market share since the market is being dominated by ecocash with almost 94.6% market share and 3,260,270 active subscribers.
The transaction charges, minimum is 6cents for any Point of Sale (POS) and maximum being 45 cents.