NEW: NetOne to upgrade its mobile money platform

Online Reporter

MOBILE network operator NetOne says it intends to upgrade its mobile money platform,  OneMoney.

“We are addressing the limitations that we have on OneMoney,” said NetOne chief executive officer Mr Raphael Mushanawani.

“I am sure by the end of the second quarter you should be seeing us coming back, rebranding with more energy to make sure that OneMoney takes its rightful position in the market.

“We successfully upgraded our network last year and we have seen a large improvement in the provision of our services.

“We will continue to do that in 2024 and ensure that the entire country is covered.”

The company, he said, has been channelling more resources towards data and internet services provision.

Data traffic continues to dominate the firm’s revenue contribution compared to voice traffic.

For NetOne, data traffic currently contributes 51 percent to the current revenue share, with voice traffic accounting for the balance.

Last year, NetOne spent US$17 million and $12 billion in capital expenditure as the firm sought to optimise network coverage.

Some of the funds went towards the tower re-deployment project, rollout of 3G sites, capacity upgrades, installation of new radio network controller, radio access equipment and core network equipment, including routers and switching apparatus.

The company also embarked on a programme to add mobile stations in marginalised areas.