OneWallet which was NetOne’s first attempt at a mobile money solution used up $6 million to set up and only recovered $51 000 during its operation. Zim ICT Minister Supa Mandiwanzira disclosed this during a rebranding of the mobile money service yesterday.
The minister said that the OneWallet project was a disgrace to the public of Zimbabwe as NetOne is a government-owned company.
NetOne was the first mobile network to be set up in this country, and they were left behind by the competition. It is a disservice. it is a disgrace to the investing public who are the people of Zimbabwe…
In a space of 4 years, we spent $6 million dollars paying a supplier of a mobile payment platform called OneWallet and that platform was only able to bring $51,000 to NetOne. Totally Unacceptable!
NetOne was also the first to launch a mobile money solution in January 2011 with EcoCash sliding onto the scene later that year in September
OneMoney formerly known as OneWallet is a money transfer facility which is operated by a government telecoms company NetOne Zimbabwe. The facility runs on NetOne lines only and offers services such as Zimswitch-enabled debit card, money payments, mobile banking and airtime top-up. Read More About OneWallet
EcoCash is a mobile money transfer facility which is run by Econet Wireless Zimbabwe. The facility has grown in leaps and bounds since its inception and is arguably the largest mobile money transfer agent considering the huge sums of transactions that the platform is said... Read More About EcoCash
Supa Collins Mandiwanzira is a Zimbabwean politician, entrepreneur, former government minister and former journalist. He is the former Minister of Information Communication Technology and Cyber Security in the Republic of Zimbabwe. Mandiwanzira is the founder of Zimbabwe's only privately owned radio station, ZiFM Stereo through... Read More About Supa Mandiwanzira