NetOne Gets $ 10 million Facility from BancEASY

NetOne today had a dual launch of products namely OneTech and OneCover where the former is a scheme for purchasing products on installment basis with the latter being a funeral cover.

Speaking at the event, NetOne acting CEO Brian Mutandiro said One Tech is a $10 million scheme financed by BancABC’s BancEASY.

Let me introduce OneTech. It is a scheme for our existing and prospective subscribers and is bankrolled by BancEASY, a subsidiary of BancABC to the tune of $10 million,” he said.

On OneTech, NetOne customers have an option to choose from a variety of smartphones from international brands such as Apple, Samsung, Huawei, Alcatel, ZTE and Lenovo.

“To buy a smartphone, customers will get a loan from BancEASY which they will use to pay for the device,” added Mutandiro.

OneTech also comes with an attractive OneFusion package which lasts for a year.

“The devices will come with complementary free One Fusion airtime for 12 months with customers getting a maximum of OneFusion $20 per month depending on the device one chooses to purchase,” said Mutandiro.

Underwritten by First Mutual Life is OneCover a funeral insurance which costs as little as 40cents.

“Our other exciting product OneCover is an affordable micro mobile insurance that offers funeral insurance to our subscribers. the product offer is underwritten by First Mutual Life,” he said.

One Cover is a voluntary opt-in service which will be available to any NetOne prepaid and postpaid subscribers who will register through a self assisted USSD *494#, SMS 404  and mibile insurance app,” said Mutandiro.

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