After more than a year spent building anticipation, Nettcash has officially launched its mobile money service. As most people had noticed for more than a year now, Nettcash has established an online presence with a website that gave an outline of their products (albeit with a coming soon tag) as well as a subtle offline branding campaign.
We managed to preview the basic transfer service which offers a similar functionality to what we’ve grown accustomed to on other platforms. Users can send and receive money via mobile devices with the cash out and cash in being carried out from designated agents with the necessary POS terminals.
Nettcash’s biggest edge as a new entrant in this competitive market will undoubtedly be the fact that its service is network agnostic, meaning that registered users on any mobile network can send money to any recipient on any other network. The process of “cashing out” any money received does encourage registration as the enrollment process can also be initiated at the POS terminal.
Unlike the usual USSD based service Nettcash uses secure SMS, IVR and a web platform as channels for money transfers. This is meant to give a subscriber options for transaction points, something that Nettcash is also keen on expanding on later this year with mobile money cash outs at ATMs. This ties in with the operational background of Coporeti Services, the company behind Nettcash, which has extensive experience in ATM services in Zimbabwe and the rest of Africa.
The Nettcash service has a big focus on providing transaction security with the integration of Near Sound Data Transfer (NSDT) to verify user registration as well as the production of a user code that a sender of money has to give the recipient to allow cashing out.
As tedious as this feature seems it gives the sender an option to hold a transfer assuming it isn’t meant for the correct recipient and at the same time offers an authentication measure. Nettcash will also have a mobile app to enhance service delivery options. We only managed to catch a glimpse of an Android version that is set for release in the short term.
With all its innovative features Nettcash’s biggest test will be in how widespread their agent network is. Currently the service is now officially available from all Zimpost outlets nationwide as well as the Talk City internet cafe with Total Service stations set to assume agent services next week.
As part of Nettcash’s m-commerce functionality, they will be offering online vouchers with select retailers once agreements have been finalised. After this initial phase they are set to explore the usual set of services such as bill payments and are also set to dabble in remittance services.
In terms of transfer charges, Nettcash is priced in the same range as Ecocash and Telecash although it remains to be seen if they will lower prices as their service expands. According to Mr Kutenha, the head of Coporeti Services and Nettcash, their focus will be on establishing a good user experience with a service that can offer every subscriber an exceptional product.
Comments
23 responses
Competition is truly heating up Ecocash yapinda busy!!lol
Well registered online, uploaded a copy of ID and about to dash to zimpost to see how efficient this is. I like that they can link with a VISA card for top ups and am waiting to be verified so i can test this
never mind… registered and guess what the top up via VISA is not working… so just another virtual wallet to add to one wallet, telecash and ecocash
post the online registration… you still need to register with a hard copy @zimpost or other outlet
Thanks for coming back with more information dude!
A good start though, lets see how they pick up to bring more convenience
Pretty decent start. There’s a lot of e-commerce talk. Lets see what they manage to achieve with a bit more time.
I have had a look at their Ecommerce API, I was super impressed with the demostrations. It is ready to be used. Those with online shops, I urge you to get in touch with their IT team.
[…] Originally published on TechZim. […]
[…] solution Near Sound Data Transfer (NSDT) which locally has been rolled out via new kid on the block Nettcash. Unlike the standard Near Field Communication (NFC) NSDT uses any mobile phone or device’s […]
I am very delighted to note that these mobile service providers are working very hard to bring convenience to us as their clients.my question is suppose we want to be registered as an agent how do we go about it , what are the requirements for one to be considered.
[…] Some months ago we wrote about Nettcash and their official launch in the Zimbabwean mobile money space. […]
[…] Some months ago we wrote about Nettcash and their official launch in the Zimbabwean mobile money space. […]
[…] As the youngest player in Zimbabwean mobile money space, Nettcash is currently carrying out an aggressive agent network growth strategy that involves brand ambassadorship. This alone will not be enough, and knowing that any existing mobile money agent for any other operator can provide their services is a big boost. […]
I m registered sameone sand money for me twodays bark but right now no SMS I’m not yet get the cash registered line ,is 0713556570 ,so help me to get the cash I’m in bulawayo
call me on 0776593669
[…] Financial inclusion has increased from 60% in 2011 to 77% in 2014. This has been attributed to the various mobile money services that were spawned during this 3-year period from all three mobile operators and network independent providers like Nettcash. […]
I am a ZESA agent who is also interested in beoming Netcash agent as well. How do i do it?
[…] Nettcash, the mobile money service that hit the market last year as an alternative to the services provided by our 3 mobile […]
how do i become a netcash agent ? please send me the requiments
[…] Financial inclusion has increased from 60% in 2011 to 77% in 2014. This has been attributed to the various mobile money services that were spawned during this 3-year period from all three mobile operators and network independent providers like Nettcash. […]
i want to become an agent
iam a zesa agent i am selling token , is possible to buy nettcash mobile cash transactor for that purpose