Mobile money wallet One Money recorded a growth in mobile active subscriptions in the 4th quarter of 2020 Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) reports.
Nevertheless revenue is said to have taken a noise dive which has brought a lot of speculation on whether the telecoms giant is being truthful at all about its subscriber base.
Active subscriptions for mobile money wallet One Money increased from 854,320 recorded in the Q2 to 936,479 in Q4 of 2020.
In its sector performance report Potraz said, “ One Money recorded the biggest growth of 9.6%. Generally, active mobile money subscriptions have been fluctuating over the course of 2020.”
The telecoms sector also saw an increase in the number subscriptions.
Nevertheless in the market share of internet and data traffic, netone together with telecel lost market share by 8,1% and 0,6 % respectively in line with the decline in consumption.Econet gained mobile internet and data traffic market by 8,7% which certainly meant in terms of revenue netone lost out despite them reporting 82k in subscribers.
Staff costs, depreciation and bandwidth costs constituted the bulk of mobile network operating costs.
In the end the negatives far outweighed the positives in terms of revenue.
According to Potraz the total number of active mobile money subscriptions as at 31 December 2020, was
Which represents a 2.7% growth from 6,325,666 recorded as at 30 September 2020.