THE year 2017 may go down in history as terrible year for most companies owing to a myriad of challenges obtaining in the economy, but for NetOne, Zimbabwe’s fastest growing Mobile Network Operator in the country, the year has been nothing more but a blessing.
After successfully launching One Fusion package an integrated Data and voice combo late last year, NetOne shook the market and captured an impressive market share, from 13.4 % in the second quarter to 14 % in the third quarter of 2017.
Throughout the course of the year, NetOne introduced a total of 15 new packages in a bid to cater for its rich and dynamic market which is made up of all age groups. The products include One Money a mobile banking platform which provides convenience to NetOne subscribers as it connected to all the 19 banks in the country and is on Zipit.
Briefing delegates during a NetOne breakfast meeting this morning, the company’s Chief Finance Officer Mrs Sibusisiwe Ndlovu said the year 2017 was turning point for the company as it witnessed tremendous growth on the business side of things.
One Money has great potential to transform the lives of Zimbabweans both in urban, Peri urban and rural communities.
“I think the joy with the One Money debit card is that it is open to all NetOne customers, all you need is your NetOne line and proof of resident and you are sorted regardless of where you are. Through that Debit card, you are able to swipe, just think of the opportunity ladies and gentleman,. all that hustle you go through trying to send money to your relatives in Kumusha, now all that can be be done through this integrated mobile financial services platform,” said Ndlovu.
According to the 2017 Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ), NetOne recorded the highest increase in data/internet consumption (86%).
As a result, NetOne`s market share increased by 5.7% to reach 22.7% from 17% recorded in the previous quarter. On the other hand, Econet and Telecel lost market share by 5.3% and 0.3%, respectively.
In comparison with the second quarter of 2017, Econet lost 1.3% market share, whereas Telecel and NetOne gained 0.4% and 0.9%, respectively.