Saturday, July 20Always On-point

Mobile Money

NetOne Continues To Take Digs At Econet In Its Marketing Material

NetOne Continues To Take Digs At Econet In Its Marketing Material

Mobile Money, Telecomms
NetOne has made some interesting marketing efforts of late, and it seems central to their marketing is taking subtle digs at Econet wherever they can. This playfulness will probably appeal to subscribers who usually welcome drama with open arms. Back when NetOne announced their 1.2GB data bundle they struck with this: The blue 1GB vs the Orange 1.2? Ok, that one wasn’t exactly subtle but it was the first of many such digs that would become common on NetOne’s page. After Econet announced their ridiculously named Smart Data Bouqets, NetOne couldn’t help but strike again with their cheeky messaging: NetOne users have for long time claimed that their data is more reliable and faster than Econet, which might not be entirely false once you consider the number o
Econet’s ‘Bundles Of Joy’ Have Vanished, You Can’t Buy Them

Econet’s ‘Bundles Of Joy’ Have Vanished, You Can’t Buy Them

Mobile Money, News, Telecomms
If you tried buying Bundles Of Joy packages on Econet this morning, you may have noticed that you can’t find the option to buy them. Econet hasn’t yet made a statement about whether this package is gone forever or not. Here’s a screenshot of how the Menu looks without the option to but Bundles of Joy: Buying Bundles of Joy has, however, been a hassle for the past weeks as reported by a number of people on Twitter complaining to Econet. Late last year, subscribers faced the same problem of failing to buy these Bundles owing to the Econet’s system downtime but they didn’t go as far as to entirely remove the option to buy the package on their Menu. Let’s hope they removed the ‘Bundle of Joy’ from the menu so that they can fix their system. We will give you an update soon.--techzim
Econet Explains What Happened to Their Network On Monday: Something Happened In Masvingo

Econet Explains What Happened to Their Network On Monday: Something Happened In Masvingo

Media, Mobile Money, News, Security
Most of the day on Monday a lot of Econet subscribers could not make calls, send SMS messages, check their balance and worse could not use the USSD platform to perform EcoCash transactions. According to the Herald, Econet issued a statement last night explaining what happened. Well unless the Herald skimmed off the actual explanation, none was given really. None that makes sense anyway. They just told us what we went through: The Herald says: In a statement released last night, the mobile giant said the fault initially resulted in call failures in the Masvingo region only, but later escalated to a nation-wide problem following an abnormal surge in traffic, which led to instability on its key network systems. Wait, what did you say exactly? There was a nation
Paying For Kombis By Card Is A Bad Good Idea

Paying For Kombis By Card Is A Bad Good Idea

Mobile Money, Start Ups
So the new kid on the payments block is City Card, an NFC card that allows passengers to pay for their ride by taping the card against a tolling machine on board. Ecocash tried this some time ago but it didn’t take off. City Card will probably meet the same bumps in the road. Hwindi cartels The biggest challenge is that the public transportation system in our cities is run by broods of touts whose self-appointed ‘job’ is to tell people which omnibus (kombi) to board as if the passengers don’t know where they are going. For ‘this service,’ the touts are paid a fee equivalent to the fare of one or two passengers by the kombi drivers. This is not because the kombi drivers appreciate the ‘service’ rendered or see value. It’s because the touts said they want to do this and they literall
SoftBank mobile business files for record £16bn float in Tokyo

SoftBank mobile business files for record £16bn float in Tokyo

Mobile Money
SoftBank's mobile business has filed for a 2.4tn yen (£16bn) float in Tokyo as the Japanese technology company seeks to transform itself from a legacy internet company to an investment giant. The float will see SoftBank spin off its mobile phone business, SoftBank Corp, which sells smartphones and network deals, and list it on the Tokyo Stock Exchange in what could be Japan’s largest ever share listing. SoftBank Corp will list on December 19. The price of the listing will be set on December 10. The deal will provide SoftBank with more funds to grow its network of technology investments. SoftBank Chief Executive Masayoshi Son has used the company's $100bn Vision Fund to invest in companies in sectors from gaming to ride-hailing, farming and chip design. Mr Son's dealmaking has t
Ecobank Invites African Fintech Startups To Apply For Their Funding Competition

Ecobank Invites African Fintech Startups To Apply For Their Funding Competition

FinTech, Mobile Money, Start Ups
Pan African bank, Ecobank has just called startups with Fintech solutions to apply for the Ecobank Fintech Challenge 2018. The competition is in its second year and last year over 850 contestants applied so competition will definitely be stiff. Ecobank Fintech Challenge gives African startups a chance to promote their fintech solutions partner or an opportunity to partner Ecobank. If given a chance to partner with Ecobank, startups can help with solutions to be implemented in one of Ecobank’s 32 markets (Zim included). The CEO of Ecobank Transnational Incorporated stated that the company is dedicated to supporting innovations in banking and finance across the internet: We, at Ecobank, believe that the current winds of change led by technology and innovation will redefine how banks
Are Telecash And OneMoney Users Better Off Using Their Platforms Than Joining Ecocash?

Are Telecash And OneMoney Users Better Off Using Their Platforms Than Joining Ecocash?

Mobile Money
As you are undoubtedly aware Ecocash has opened up its platform that enables Netone and Telecel users to register for the Ecocash services in a move that aims to enhance the fluidity of the mobile banking sector. These moves by Ecocash may have risen as a response to an ultimatum issued by The Minister of ICT and Cyber Security, Supa Mandiwanzira early this year.The scheme does not really hit the target with regard to the ultimatum as it falls short of integrating the USSD platforms to facilitate wallet to wallet funds transfers. This is essentially Ecocash advancing their goals. Customers from Netone and Telece may be wondering how much this platform charges them compared to what they were being charged at their respective MNO’s mobile money platforms. Ecocash is charging the s
StanChart Customers Might Need To Start Looking The OneMoney Direction Over EcoCash

StanChart Customers Might Need To Start Looking The OneMoney Direction Over EcoCash

FinTech, Mobile Money
Recently, I got a tip from a Standard Chartered Bank user who pointed out that Swipe Into EcoCash was not working for them and actually hadn’t been for a while. Interestingly, this comes at a time when Standard Chartered Bank now has a direct link to OneMoney. Let’s backtrack a bit… So there’s always been this ‘tension’ between some local banks and EcoCash. Remember how customers for a long time requested that banks integrate with EcoCash (or its the other way round) but still nothing seemed to move. What makes it interesting is that it was always the other party’s fault. If you asked EcoCash, they’d give you the vibe that banks felt threatened by their existence and if you asked the banks, they’d tell you that EcoCash had some unreasonable expectations. Nonetheless, depending on
U-Gain: Get 9% Interest Investing In Zim’s First Retail Bond Available Through Mobile Money

U-Gain: Get 9% Interest Investing In Zim’s First Retail Bond Available Through Mobile Money

Mobile Money
If you were looking for a fantastic investment opportunity which is easy to understand and yet offers attractive return then look no further. You can invest right from your mobile money account too. Untu Capital recently announced a retail note you can invest in which guarantees 9% interest per year. Do not be intimidated by the term ‘retail note.’ What simply happens is that you loan Untu Capital money and they will pay you back what you lent them and give you interest on top of that, So the retail note is called U-Gain and as mentioned above it offers 9% per 12 months. The interest offered is fixed which means it won’t be changed during the loan period. That means you can accurately predict your total interest receipts over the loan period and easily too. Untu Capital had this t
NetOne’s OneMoney goes down….

NetOne’s OneMoney goes down….

Mobile Money
In case you missed it: OneMoney (previously known as OneWallet) is currently down and this is the message that has been sent out. We regret to advise that OneMoney platform is currently down and our engineers are working to resolve issue. The inconveniences caused are sincerely regretted!   OneMoney is a mobile money platform by NetOne, one of the three Mobile Network Operators (MNO) that have been licensed to operate in Zimbabwe. OneMoney by the end of the second quarter of 2017 had grown to have 13137 active subscribers (which means subscribers that have performed at least one transaction on the platform in the last 90 at the time of recording) and as such all these subscribers could potentially be affected by this down time. So far, we have no news as
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