MICROCAPITAL BRIEF: Nettcash of Zimbabwe Launches Mobile Money Service

Nettcash Zimbabwe, which is owned by Nigeria’s Coporeti Services, reportedly has started offering a service in Zimbabwe that allows customers to send and receive funds to and from users of any participating mobile network provider in Zimbabwe through short message service (SMS, also known as text messaging), a web platform and interactive voice response via telephone. The company plans to expand its service offerings to include international remittance services.

Financial information for Nettcash is not available.

By Juan Blanco, Research Associate

Sources and Additional Resources

[1] Telecompaper, “Nettcash launches mobile money service in Zimbabwe,” May 14, 2014, http://www.telecompaper.com/news/nettcash-launches-mobile-money-service-in-zimbabwe–1013527

[2] Techzim, “Nettcash Mobile Money Services is launched with an innovative set of features,” by Nigel Gambanga, May 13, 2014, http://www.techzim.co.zw/2014/05/nettcash-mobile-money-services-launched-innovative-set-features/

MicroCapital, April 24, 2014, “Econet of Zimbabwe to Offer Microloans for Entrepreneurs in Informal Sector,” https://www.microcapital.org/microcapital-brief-econet-of-zimbabwe-to-offer-microloans-for-entrepreneurs-in-informal-sector/

MicroCapital, March 9, 2014, “Reserve Bank of Zimbabwe (RBZ) Limits Exclusive Agreements Between Telecommunications Providers, Mobile Money Agents,” https://www.microcapital.org/microcapital-brief-reserve-bank-of-zimbabwe-rbz-limits-exclusive-agreements-between-telecommunications-providers-mobile-money-agents/

MicroCapital, February 28, 2014, “Trade Union “Mobile Money Transfer Agents Association of Zimbabwe” Formed,” https://www.microcapital.org/microcapital-brief-trade-union-mobile-money-transfer-agents-association-of-zimbabwe-formed/

MicroCapital, February 25, 2014, “Telecel Zimbabwe Introduces Debit Cards, International Remittances Via Telecash Mobile Banking Service,” https://www.microcapital.org/microcapital-brief-telecel-zimbabwe-introduces-debit-cards-international-remittances-via-telecash-mobile-banking-service/

MicroCapital Universe Profile: Nettcash Zimbabwe, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Nettcash+Zimbabwe

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