Ecocash integrates with OneMoney
The reason why Econet Wireless has been the largest Mobile Network Operator in Zimbabwe is that the MNO always bring ideas/products that people want and they are very fast in introducing their products, recently the Minister of Information Communication Technology and Cyber Security, Supa Mandiwanzira gave a deadline to all local Mobile Networks Operators to integrate their mobile banking platforms not later than April 1st, 2018.
There are recent discoveries, that Netone subscribers can now register for Ecocash, to do this you need a smartphone and an Ecocash Data App to accomplish to register for Ecocash, unfortunately for those using phones that are not compatible they can’t use this feature through the USSD platform. It’s a Buddie Network, has been good at coming up with strategies to win the market share, as at Q3-2017 Econet Wireless had a whopping market Share of Mobile Money Subscriptions of 96,7% and now the MNO has made a step of coming in the game to integrate with Netone the second largest MNO in Zimbabwe this will make Econet gain more revenue and market share in this sector.
Eyetro Digital projects that with time there will be only one Mobile Money Operator left in the country, Ecocash. Although Netone’s OneMoney will gain a little fraction in this integration, Ecocash will still be the king why practically Econet has more, Ecocash (23,050 ), agents, to Netone (187), as it was reported by the Telecoms Regulator, we would want to believe that the game of mobile money is on how much volumes any given operator pushes thus cash-ins and cash-out, Ecocash will still be a monopoly and will still control the sector and them allowing Netone subscribers to register for Ecocash, it’s a move to get more transactional volumes.
To the customers, this integration will make them benefit more because they won’t be needed for them to switch sim cards every time they want to transact, and to the providers, they will gain more revenue through some mirror MNO will lose their brand due to the big horses that had gained mileage in the game already.
Download Ecocash Data App: Click here