Mobile data is the silent engine behind new products that might rev up in the future: new products emerging in the mobile money space are increasingly analyzing data from mobile wallet and cell phone use as the engine behind the products – this includes the previous examples of m-shwari and tigo the potential of data is at a very early stage. Mobile money programme accelerating the mobile money ecosystem for the underserved our mission is to support our members and industry stakeholders to increase the utility and sustainability of mobile money services and increase financial inclusion two billion people remain unbanked, without access to safe, secure and affordable financial services.
Blog mobile money: 10 things you need to know mobile money: 10 things you need to know 30 december 2013 operators in tanzania, uganda, zimbabwe, bangladesh, pakistan and even somaliland are developing successful mobile money businesses new products emerging in the mobile money space are increasingly analyzing data from mobile.
Mobile money products in zimbabwe services and bank transfers this service now seems to have been snatched by emerging technological trends institution mobile product money used to be sent to a particular location now it is econet wireless ecocash sent to a particular individual irrespective of their location.
First, congratulations to the ecocash team for winning the africacom best mobile money award no doubt a few heads have turned towards zimbabwe and we appreciate it congratulations as well to netone for the onewallet re-launch we hold our breath as we await telecel’s telecash launch. One would want to argue that issuing debit cards dissuades customers from ultimately adopting mobile wallets however, and quite clearly other than for money transfer, zimbabwean consumers have not yet bought into mobile money enough to comfortably transact on as many retail products and other services.
Launched in 2011, ecocash allows econet customers in zimbabwe to use mobile phones to pay bills, make retail purchases, deposit money into bank accounts, and remit money to botswana and south africa from 2012 through mid-2018, the platform processed transactions totaling usd 23 billion. Types of mobile financial services in zimbabwe include bank-based mobile phone financial service models and non-bank based bank-based are those where customers have a direct contractual relationship with a bank and non-bank based is designed to reach out to markets beyond the existing banked groups.
Many like myself are probably wondering about the future of mobile money in zimbabwe on one side we have ecocash bullishly rolling out merchant after merchant gathering enough momentum to fully implement a system perhaps even more speedily adopted than m-pesa of kenya.