Zimbabwe’s NetOne to get mobile money subscriber boost

15 Apr 2020

Zimbabwe’s state-owned cellco NetOne is set to get a subscriber boost as the government has announced that grants for up to four million vulnerable individuals will be paid via the firm’s One Money mobile payment system. One Money currently accounts for just 1% of mobile money transactions carried out in Zimbabwe, with rival Econet’s EcoCash service hosting 98% of users. Nevertheless, the government has said that One Money offers a better deal as its charges are lower.

People registering for the ZWL200 (USD8) grant are being given a NetOne SIM card as part of the process. The government is offering grants to 450,000 people in the short term, but says that up to four million individuals could be eligible for the scheme.

TeleGeography’s GlobalComms Database notes that NetOne had 3.17 million subscribers at the end of 2019, equivalent to 21% of the overall mobile market, while Econet had 9.12 million users at the same date.

Zimbabwe, NetOne