Telecel mobile money transfer platform , Telecash saw a decline in the number of subscriptions a trend which has become constant over the last quarters.
The mobile money transfer platform has not been fairing well on the market and according to the Postal Telecommunications Regulatory Authority of Zimbabwe (Potraz) at the end of the 1st quarter there were just over 50 000 subscribers using the service.
Subscribers have since been declining for the struggling mobile network providers , money transfer platform.
Potraz sector performance report indicates that, “Telecash was the only operator to record a decline in active mobile money subscriptions.”
“Total number of mobile active subscriptions declined by -72.8% to record 5,222 in the fourth quarter of 2020 from 19,198 in the third quarter.”
Whilst the total number of active mobile money subscriptions as at 31 December 2020, was 6,495,682.
This represents a 2.7% growth from 6,325,666 recorded as at 30 September 2020.
The decline in mobile subscriptions could be attributed by the fact that , Telecel has been loosing subscribers.
From a Potraz report in the third quarter of 2020 Telecel lost nearly 100k subscribers from 910 677 to 825478.