NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, January 29, 2014

Competition is heating up in Zimbabwe’s mobile money space as telecom firms look to outwit each other in order to cash in.

All three mobile operators in Zimbabwe have mobile money services, as Telecel Zimbabwe — which has 2.5 million subscribers — joined the fray on Wednesday by launching its Telecash offering.

Zimbabwe’s largest mobile operator Econet — which has 8.5 million subscribers — already has EcoCash that has notched up 3 million users. Meanwhile, state run NetOne — with just under 2.5 million subscribers — operates its One Wallet service, of which user numbers are not readily available.