OneRemit, a game changer
I am very pleased to address this unique and important forum which has brought together various eminent experts witnessing the launch of a game changer in the market — OneRemit.
NetOne Financial Services is excited to introduce forex remittances on its One Money wallet which is a cash drop off, cash pickup and person to person transfers.
Domestic remittances are forex transfers from one place to another, that is, city to city, city to rural or vice versa. is has been a pain point for the market since very few players are in this space.
Domestic following;
•Person to person transfers — sending cash from Stored Value Account (SVA) to another subscriber via the mobile platform.
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Cash drop off — making a deposit of physical cash in order to get virtual float balance.
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Cash pickup — the withdrawal from one’s SVA account in order to get a cash physical balance.
e Wallet currencies.
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ZWL — Zimbabwe Dollar
USD — United States Dollar
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ZAR — South Africa Rand
GBP — Pound Sterling
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EUR — Euro
One Money Wallets will be compartmentalised and store value of the respective currencies.
Associated advantages for adopting this exciting new baby in the market are, but not limited to:
•Charges being levied at the initiation of customer, that is, send money.
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Charges being levied will be for the respective send money amount as configured on the platform.
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No monthly charges wallets.
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Cash Drop-Off and Cash Pick-Up will not be charged
e One Money Remit Wallet will have the following features;
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USSD access
Debit card
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Wallet on POS acquiring
Mobile App
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SMS Alerts
e introduction of OneRemit seeks to grow One Money brand awareness by allowing subscribers to access Stored Value Account and transfer with a safer solution thus ultimately focusing on increased revenue generation.
What differentiates OneMoney Remit from everyone else on the market is that you can fund USD into your wallet and send it to one or more recipients from your mobile device
at any time. So, essentially you can load US$100 into your OneMoney wallet and send it through to multiple beneficiaries from your mobile device meaning there is no need to queue and fill out multiple forms for separate recipients.
is development is consistent with our tradition of pioneering far-reaching innovations in the financial services industry, as we strive to continuously provide products and services that facilitate national growth and development.
In the increasingly technology-driven business environment, we are keen to provide solutions that are relevant to our customers’ dynamic needs through OneRemit and a variety of our products and services NetOne offers.
I thank you all, let us continue to do business together.