State owned mobile network operator NetOne is probably lying about their increased One Money subscribers to Potraz again or they have just registered useless subscriber increase.
NetOne are not new in this falsifying of information business, they did it 2018, before Potraz penalised them after they misrepresented growth figures on their mobile subscribers, during the “One Fusion hey days”
“One Money recorded the biggest growth of 9.6%. Generally, active mobile money subscriptions have been fluctuating over the course of 2020.” noted the Potraz report.
The same sentiments were echoed by a jump in market share of 14.4% from 13.5%.
However contrary to this healthy increase the same report states that NetOne recorded the biggest loss in value of transactions being the only mobile money platform that registered a -0.06% drop in value. from 4.16% to 4.10.
If NetOne has truly gained market share with 82 k subscribers, how come their value of transactions has dropped?
Are these really mobile money subscribers, or they are merely subscribers registering on the network and they do not transact at all, in fact even transacted less value from the past period, then what was the pint of this 9.6% jump.
Why register a negative in the value of transaction.
How much was moved by One money last year compared to this year and why are they hiding their financials as they usually publish them.
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.
Its simply not adding up!
In its sector performance report Potraz said, “
Total mobile operator revenues grew by 37.5% to record ZWL12.3 billion in the fourth quarter of 2020 from ZWL8.94 billion in the third quarter of 2020. A quarterly comparison of the revenue contribution per service is shown below:
According to Potraz The total number of active mobile money subscriptions as at 31 December 2020, was 6,495,682.
Which represents a 2.7% growth from 6,325,666 recorded as at 30 September 2020.
Unfortunately it has not been easy to get the actual revenues moved by One and Telecash independently to ascertain real growth.