The Zimbabwean mobile payments isn’t as competitive as it should be. The space is dominated by EcoCash (it handles 97% of the transactions), a subsidiary of mobile network operator Econet Wireless Zimbabwe which also commands the largest part of the telecoms market.
That fact isn’t lost on the government which is ironically both a regulator and Econet’s competitor.
Speaking at the recent Mobile Money & Digital Payments Conference the Minister of ICT, Supa Mandiwanzira touched on how State-owned mobile operator, NetOne had lost out on the telecoms race. He pointed out missed opportunities and a failure to respond to market dynamics.
He also gave credit to EcoCash for playing its role as an active provider to the environment.
TechZim