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NetOne to revamp OneWallet

State-owned mobile operator, NetOne says it is in the processes of revamping its mobile money platform – OneWallet, as it seeks to leverage on its new partnership with the National Social Security Authority (NSSA).

In December last year, NetOne and NSSA went into a partnership that sees pensioners receiving their pension directly on their mobile phones.

Said NSSA corporate communications manager Mr John Nyashanu: “As you might know, NetOne was the first mobile telecoms company in the country to launch a mobile money platform. We are currently revamping that platform and soon we will be announcing the new version,” he said.

Earlier this year, NetOne CEO Mr Brian Mutandiro said the company acquired a new system for OneWallet through a different technology partner.  NetOne had been working with technology partner, Gemalto, for its current version of OneWallet.

Indications from the market are that OneWallet will be based on the same system as Kenyan firm Safaricom’s M-Pesa, which is one of the leading mobile money platforms in sub Saharan Africa.

Mr Nyashanu added that their improved mobile money platform will leverage on the NetOne-NSSA partnership.

“NSSA pensioners started receiving their pensions through OneWallet in December 2016 and the response has been very positive. Going forward it could be one of the fulcrums of the new mobile money platform.

Over the weekend, NetOne continued with its countrywide expansion programme as it opened a new branch in Chiredzi. NetOne has already gained on its competitors by experiencing the biggest growth in data utilisation (110, 5 percent) during the fourth quarter of 2016, attributable to their data packages.

It was also the only local telecommunications company which increased its market share last year, according to the Postal and Telecommunications Regulatory Authority (POTRAZ)’s latest report.

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