Telecel Zimbabwe has just revealed to Techzim that it’s working with Zimswitch Mobile to include more banks on its mobile banking platform.
Telecel has revealed that through partnership with Zimswitch Mobile, banks willing to extend mobile banking services to the clients can now do so as soon as they have concluded agreements with Zimswitch Mobile. Telecel says currently, “more banking institutions, including POSB and CABS, are concluding tests on this platform”
The Telecel spokesperson we communicated with commented that “bank[s] will automatically benefit from the already existing system that Zimswitch has operated for a long time, which is trusted by the public.” Zimswitch is a third party transaction processing platform used by most Zimbabwean commercial banks.
Telecel Zimbabwe is the second largest mobile operator in the country by subscriber numbers. The largest is Econet Wireless Zimbabwe. NetOne, the state owned mobile operator is the smallest. NetOne also introduced a mobile banking service called OneWallet in January this year.