The State-owned mobile money service is not charging any transaction fees except the 2 percent government tax.
The move is aimed at closing the wide gap between OneMoney and Ecocash, which is owned by Zimbabwe’s richest man Strive Masiyiwa.
According to the latest pubic figures, Ecocash controls 93.3 percent of the market while OneMoney only has 6 percent.
Figures for the last quarter of 2019, when OneMoney launched its free mobile money service and Ecocash experienced serious technical problems, are not yet available.
Although OneMoney controlled 6 percent of the market, Ecocash accounted for 99.7 percent of all the transactions in the market.
NetOne chief executive Lazarus Muchenje has promised to overtake Ecocash in two years.
(61 VIEWS)
Zimbabwe is among the top 30 countries in the world with the widest gap between…
Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…
Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…
The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…
Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…
Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…
