NetOne deploys mobile money in Zimbabwe

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Gemalto and NetOne, a network operator in Zimbabwe, are deploying Gemalto’s LinqUs solution for Mobile Money Transfer, which comprises of the server, user application, as well as system integration services.

The offer, being marketed as the OneWallet service, works on 100% of the handsets and will enable all NetOne subscribers to perform secure and convenient money transfer using their mobile phone. In particular, it provides the unbanked with access to secure banking services.

The LinqUs solution’s interface enables NetOne subscribers to make secure and easy peer-to-peer money transfers, pay every-day bills and top up their prepaid phone cards. Expanding the possibilities of Mobile Money Transfer, it also enables NetOne’s customers to have their salaries paid directly onto their phones – a feature that empowers the unbanked with a secure and convenient digital wallet solution.

The Mobile Financial Services sector is growing rapidly, with the number of active users of mobile money services predicted to double in the next two years, exceeding 200 million by 2013. Nearly 40% of active users in 2015 will be in the Africa & Middle East region.

NetOne also intends to work with the Government of Zimbabwe and Pension Fund schemes to allow the OneWallet to be used for pension payments and thus remove the need for travelling long distances for purposes of collecting pension payments.