AS technological convergence redefines business models across nearly every industry, mobile telecommunications companies have shown a growing appetite for innovation in order to survive and thrive in a fast-paced and unpredictable environment. This year alone the country's three mobile telecommunication companies
Telecel Zimbabwe last month launched its Telecash gold card, a debit card which can be used to pay for goods and services at any of the more than 5 000 ZimSwitch points of sale across the country. Announcing the introduction of the Telecash gold card, Telecel mobile financial services director
The card can be used to pay for groceries, DSTV subscriptions, restaurant and hotel bills, and many other things. It can also be used to withdraw cash at ZimSwitch automated teller machines (ATMs). "Since we launched Telecash we have been looking at ways of broadening the offering. When we launched we started with only the basics such as sending and receiving money but now we are coming up with more functionalities," said Ncube.
In January, Telecel launched Telecash, which allows mobile phones to be used to send money to anyone with a mobile phone, regardless of network, and pay for groceries, bills, airtime and other goods and services. As at
Underscoring another eye-opening phenomenon, all executives in the telecommunication sector have called innovation "extremely important" and a key enabler facilitating their successful response to persistent change.
Deputy Minister of Health and Child Care,
Using WorldRemit, Zimbabweans can send money online, through smartphones, tablets or computers, directly to an EcoCash mobile wallet. Recipients can then use their mobile wallets for many purposes, such as buying groceries, paying utility bills, buying airtime, sending money domestically, or withdrawing cash from authorised agents.
One pays a monthly subscription of
He said the tight availability of bank notes in an economy such as
NetOne in conjunction with the
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