NetOne's OneMoney Records 32,7% Growth

State owned mobile communications company, NetOne, recorded the biggest growth rate of 32,7 percent on its mobile money platform, OneMoney in the fourth quarter of last year.

OneMoney subscriptions rose to 241 566 in Q4 2018, up from 181 990, according to statistics released by the Postal and Telecommunications Regulatory Authority of Zimbabwe on Wednesday. Its competitors, Telecash and Ecocash, recorded growth rates of 1 percent and 0,7 percent respectively.

Ecocash, which has operated literally uncontested for a long time, had 6 057 594 subscribers while Telecash, the first to launch a Zimswitch enabled card for transactions, had 53 392 subscribers by Q4 last year.