Over the past few weeks, EcoCash has been a frequent fixture in the news as they have loosened the entry requirements to join the most popular mobile money solution. The move was unexpected and sudden but it also had me thinking about OneMoney and where they go from here. NetOne has been very quiet thus […]
Supa Mandiwanzira Tells Econet, Telecel, NetOne To Have Mobile Money Platforms That Work Together… Or Else
The Ministry of Information Communication Technology and Cyber Security has issued an ultimatum to the Mobile Network Operators to find a way to make all their mobile money platforms work together. The statement reads: INTEROPERABILITY OF MOBILE MONEY PLATFORMS The Ministry of Information Communication Technology and Cyber Security would like to encourage the Mobile Network […]
OneMoney is running on the biggest mobile money platform Mpesa in a bid to redeem themselves from the misfire of OneWallet. Quick NetOne, Econet, And Telecel Airtime Recharge Number to recharge: Airtime amount ($): EcoCash or OneMoney number: Buy Please dial our USSD code *405# on your phone to buy airtime because this page will […]
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 […]
This evening, Techzim attended a NetOne event at which they launched the OneMoney ZimSwitch enabled debit card. You might be asking yourself what OneMoney is because last you checked their mobile money platform was called OneWallet. Well, OneMoney is a ‘OneWallet come back’ (hopefully). In more formal terms, OneMoney is OneWallet rebranded. I initially called […]
Econet has had EcoSure for a while now and NetOne recently launched OneCover, both providing affordable funeral cover to the masses. We applaud these initiatives but even more important is healthcare for the living. Traditional medical insurance is expensive and inconvenient for the average person. The number of hoops you have to jump through staggers […]
Techzim can exclusively reveal that NetOne is working on rebranding its mobile service from OneWallet to OneMoney. The rebranding will be part of a relaunch of the product after the company migrated it to a new Huawei powered platform. The plan to relaunch OneWallet was revealed in January this year. According to sources Techzim spoke […]
All this is commendable and the truth is, it actually is the obvious thing to do. As the efforts to access cash become increasingly futile any service that gives Zimbabweans a facility to make transactions electronically has to double efforts to work with as many service providers as possible. It’s a crisis, so anyone selling some sort of option for relief has to sell their service.
M-Pesa, the mobile money platform which falls under telecoms giant Safaricom in Kenya, is the most developed one in Africa. Recently, after shifting the servers for the service from Germany to Kenya to cut costs and improve efficiency, the M-Pesa machine is sharper than ever, capable of completing 900 transactions per second, compared with 320 previously. A fortnight ago, […]
Despite its mass adoption across the country where it has outpaced formal banking services, mobile money has only been mentioned as one alternative and not as the leading solution that it is primed to be.
Reward Kangai, the chief executive officer of Zimbabwe’s second largest mobile operator, NetOne, has been suspended for three months as the operator prepares for a forensic audit to investigate allegations of impropriety.
It’s easy to look at the allegations as just another case of state-owned enterprise corruption but as long as NetOne wants to make any legitimate effort to operate competitively in an increasingly tough environment, it has to make sure it exorcises the ghost of public sector management which places little or no emphasis on accountability and efficiency.
The National Social Security Authority (NSSA) wants to use mobile money services for the payment of pensions and it is eyeing an introduction of this option by the end of the first quarter of 2016.
The government has given mobile operators six months to phase out airtime recharge cards as a response to the challenge of litter created by airtime top-up option.
With all these solutions popping up, Zimpost, the state owned enterprise that owns and manages all local postal services didn’t want to be left behind and has now introduced its own online payments and e-money platform.
Mobile money and remittance services have managed to amplify their individual success by working together. This has managed to prove the strength of partnerships and their role in effectively extending platforms and services reach.
Earlier this week it was reported that Kenyans will now be able to open Central Bank depository accounts from their phones using their mobile money accounts without visiting a bank or broker, and proceed to buy government paper. Can this be adopted in Zimbabwe as well?
Is the latest drive for e-banking from Ecobank adequate for a 2015 Zimbabwe which is a proudly informal economy? It would seem that the glaring omission from Ecobank’s strategy is an aggressive adoption of indigenous retail banking alternatives.
One of the proposed legislative bills, for the Parliament of Zimbabwe will be the Electronic Transaction and Electronic Commerce Bill, commonly referred to as the e-Transactions Bill. It is set to outline the regulatory parameters for electronic transactions and electronic commerce.
A local Mobile Money tariff calculator app released last year has now been tweaked to catch up with some of the changes in local mobile money services. The app it now incorporates calculations and comparisons for OneWallet and Nettcash and the user interface has been dusted up a bit.
The Mobile Money and Digital Payments Conference, an awards ceremony that seeks to recognise and honour outstanding performance and innovation in mobile money and digital payments will be held on the 27th of July in Harare
This past week, we got to sift through the latest figures on Zimbabwean telecoms from the industry regulator, POTRAZ. These sector performance numbers are provided regularly and even though we’ve always been whinging about the late delivery (This latest report is for October – December 2014), the data provided is a great market indicator. Which brings […]
Yesterday we talked about the cyber-security attack on Gemalto, the security company and tech contractor that provides SIM cards to the majority of mobile network operators in the world, including local networks like NetOne. Gemalto released a press statement today, sharing the results of its own investigation into the matter. According to the security firm’s […]
Numbers don’t lie, especially in business, and when the right sort of numbers are going up it becomes a celebrated truth. From the surface the Zimbabwean mobile telecoms scene is in pretty great shape. In a conclusion to the quarterly performance report POTRAZ, the industry regulator, spelled out how the third quarter of 2014 noticed a […]
It’s just days into the year and it certainly looks like the financial services sector is going to go through a very rough spell in 2015. Yesterday Allied Bank, a Zimbabwean commercial bank closed shop while another institution which is still on the mend, Steward Bank, waved goodbye to its CEO. This isn’t even half […]
Just yesterday we were tallking about recharge.co.zw, the online workaround for buying ZESA prepaid electricity that lets you use your EcoCash and Telecash mobile wallets as well as options like VISA and Zimswitch. It turns out that there’s another solution similar to this called ZymPay. Unlike recharge.co.zw, Zympay is targeted at the diaspora, where Zimbabweans who […]
Whenever we talk about the issue of paying for your ZESA prepaid electricity everyone remembers how Econet was shut out from an integration with ZESA for mobile money payment leaving One Wallet as the only option for the many people used to mobile money transactions. Thankfully someone has worked on a solution that will give you […]
Have you ever stumbled upon a thought, thinking just how possible it could be to send money using Bluetooth technology, how easy your life would be if it only meant not going through the banking process or other money transfer services? Well, this is the twenty first century. The only time when spending money is way […]
It’s been reported that the Competition Authority of Kenya (CAK) has pushed through an order compelling Safaricom, Kenya’s largest mobile operator, to share its mobile money transfer agents with the other mobile networks. This regulatory intercede in the Kenyan mobile money space is similar to what we noticed earlier this year in the Zimbabwean mobile […]
So in sending money to the UK, one of the questions that people asked me was how do I send money to Zimbabwe. Why send money to Zimbabwe? I know, weird question. But there are people out there that still ask. Well, for those of you that still have relatives and friends that are still […]