NetOne re-launches mobile money transfer service

By Farayi Machamire

HARARE – In A bid to keep abreast of the fast-growing mobile money market in Zimbabwe, State-owned mobile telephone operator NetOne have upped their value-added services by re-launching OneWallet last week. 

The revamped mobile banking platform now incorporates money transfers across all networks unlike when it was first launched in 2011 when money transfers were limited to NetOne subscribers only. NetOne has also adopted the use of agents for deposits and withdrawals.

For OneWallet customers to enjoy the facility, they need to swap their current SIM cards and get the 128k SIM. Customers with regular SIM cards can still receive cash but will be unable to perform cash-send transactions.

The platform allows a minimum transaction of $5 and a maximum of $500 per transaction. Reward Kangai, NetOne managing director, was upbeat OneWallet will offer a new dimension to the mobile money banking sector.

“You will be aware that the OneWallet was previously launched a few years back and many NetOne subscribers have been transacting on our platform which we pride as the most secure mobile banking platform in Zimbabwe,” Kangai said.

“Now we have re-engineered some aspects of the product for your convenience. You, our customers gave us feedback on how best you wanted the product to perform. As a network with your interests at heart, I say we heard you and we addressed those concerns.

OneWallet now transacts across all networks, subscribers can now send and receive cash from OneWallet to any other network in Zimbabwe.”

Econet has the lion’s share of the mobile money services market with an over three million EcoCash subscriber base. The revamped OneWallet comes as Telecel, the second largest mobile operator in the country by subscribers, prepares to launch its mobile money service called Telecash. Daily News