NetOne, Zimbabwe`s state owned mobile operator officially re launched their mobile money transfer system, One Wallet , at an event attended by the ICT and courier services minister, Hon Webster Shamu, government officials, ICT stakeholders and Netone`s Top Management and staff.
By Tendai Kwaramba
The ICT minister Webster Shamu officially re-launched the mobile money service yesterday, a move they said was necessitated after listening to the consumers, improved the service hence the need to relaunch.
Netone`s one wallet functions on a 128k sim card, (technically a 128bit encryption) which provides tough security against mobile money electronic frauds.
Probably the most cool thing about this tech is its cloud computing feature, this allows one to automatically backup sim card contacts online, should you lose your phone or have sim card failure, all your contact numbers will be retrievable online or when your replace your sim card.
This however does not mean that when you are not migrated to the new sim package you can not receive money, the pre-requisite is for one to be able to send money, but not for receiving money
Speaking during official speech, Honourable Shamu said that the Government sometimes through its bureaucratic process caused the slow implementation of strategic moves which would have developed Netone`s One wallet.
“We will make sure that this time the mistakes that we made and slow progress implementation, which led to your ideas being stolen by other operators will be a thing of the past this time around”, said the minister.
Netone, was the first mobile operator in Zimbabwe to implement the mobile money transfer system yet today its not as significant as it would have been, trailing way before its competitors.
Speaking to TechnoMag during the Launch, the Managing Director of Netone Mr Reward kangai blamed sanctions and lack of funds as the main reason why they were not progressing as fast and as innovative as they could.
The managing Director told TechnoMag that Netone`s one wallet will be able to interconnect all other Networks a move they are going to use as an advantage against their competitor.
Netone relaunched their service at the height of Econet`s Ecocash expansion and Telecel`s Telecash upcoming launch.
Watch the Video here where TechnoMag speaks to the Netone`s MD
What really makes Netone standout, what are the changes they have made which neccisiated the relaunch, how are they going to make one wallet suatainable and relavant in this highly volatile market.
Watch this exclusive video where TechnoMag speaks to theManaging Director of Netone during the launch of One Wallet.