Mo­bile money agents in­crease

Chronicle (Zimbabwe) - - Business Chronicle - Oliver Kazunga

ZIM­BABWE’S three mo­bile net­work op­er­a­tors have grown their agents net­work to a to­tal of 35 639 in the se­cond quar­ter of 2016.

In the pre­vi­ous quar­ter, the agents net­work stood at 33 497.

Ac­cord­ing to a sec­tor per­for­mance report for the quar­ter to June, the Postal and Telecom­mu­ni­ca­tions Reg­u­la­tory Au­thor­ity of Zim­babwe (Po­traz) said Econet reg­is­tered the high­est num­ber of agents at 25 145.

The mo­bile op­er­a­tor added 1 123 dur­ing the pe­riod un­der re­view.

“Growth in the num­ber of mo­bile money agents im­plies im­prove­ment in ac­cess to mo­bile money ser­vices by the pop­u­lace,” said the reg­u­la­tory au­thor­ity.

Dur­ing the pe­riod un­der re­view, NetOne had 3 034 agents com­pared to 2 384 in the pre­vi­ous quar­ter.

In the se­cond quar­ter, Tele­cel in­creased its agents to 7 460 com­pared to 7 091.

Fol­low­ing the cur­rent cash short­age in the econ­omy, the Re­serve Bank of Zim­babwe Gover­nor Dr John Man­gudya has en­cour­aged the trans­act­ing pub­lic to make use of elec­tronic pay­ments sys­tems in­clud­ing mo­bile money trans­fer plat­forms. “The value of cash-in trans­ac­tions in the quar­ter un­der re­view in­creased by 2.4 per­cent to record $460.2 mil­lion from $449.9 mil­lion recorded in the pre­vi­ous quar­ter. “Cash-Out trans­ac­tions also in­creased by 9.9 per­cent to record $447.7 mil­lion from $407.3 mil­liom recorded in the pre­vi­ous quar­ter,” said Po­traz. Mo­bile sec­tor rev­enues de­clined 3,7 per­cent to $161,5 mil­lion in the se­cond quar­ter driven by the con­tin­ued de­cline in voice traf­fic. Dur­ing the pe­riod un­der re­view, Econet and Tele­cel reg­is­tered de­clines in rev­enue mar­ket share while NetOne recorded an in­crease of 4,7 per­cent. In this light, NetOne, which is Sta­te­owned, made up 18,7 per­cent of the rev­enue mar­ket share at $29,87 mil­lion from 17 per­cent of the first quar­ter’s $167,7 mil­lion. Econet dropped its share 70,7 per­cent ($114,18 mil­lion) from 72 per­cent while Tele­cel dropped to 10,8 per­cent from 11 per­cent in the first quar­ter. The to­tal num­ber of mo­bile sub­scrip­tions in the coun­try dur­ing the pe­riod un­der re­view in­creased by 6,2 per­cent to reach 20 257 180 from 18 992 082 recorded in the pre­vi­ous quar­ter. The num­ber of ac­tive lines in the quar­ter un­der re­view was 13 010 873 com­pared to 12 900 173 recorded in the first quar­ter.

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