NetOne Deploys Gemalto Mobile Money Solution

Gemalto has revealed that Zimbabwean mobile operator NetOne has deployed its LinqUs solution for Mobile Money Transfer, which comprises of the server, user application, as well as system integration services. The offer, being marketed as the OneWallet service, works all NetOne handsets, and will enable all NetOne subscribers to perform secure and convenient money transfers using their mobile phones. In particular, it provides the unbanked with access to secure banking services.

The LinqUs solution’s user-friendly interface enables NetOne subscribers to make secure and easy peer-to-peer money transfers, pay bills and top up their prepaid phone cards. Expanding the possibilities of Mobile Money Transfer, it also enables NetOne’s customers to have their salaries paid directly onto their phones – an innovative feature that greatly empowers the unbanked with a secure and convenient digital wallet solution.

NetOne also intends to work with the Government of Zimbabwe and Pension Fund schemes to allow the OneWallet to be used for pension payments, eliminating the need to travel long distances to collect pension payments.

The Mobile Financial Services sector is growing rapidly, with the number of active users of mobile money services predicted to double in the next two years, exceeding 200m by 2013, according to Juniper Research, which says that almost 40 of active users in 2015 will be in the Africa & Middle East region. Gemalto currently has over 50 customers worldwide for its mobile money services.

“Gemaltos ability to offer an end-to-end solution, coupled with their extensive software expertise, made it an easy choice for NetOne,” says NetOne managing director, Reward Kangai. “Mobile Money Transfer rollouts are long projects, so we need a well established, trusted and future-proof technology partner to accompany us – Gemalto is exactly that.”