Telecel postpones its launch of its mobile money service

TELECEL, Zimbabwe's second largest telecoms company has postponed launching its its new mobile money service to next year.

This is due to the mobile firm waiting for "full integration to a number of banks that the mobile operator is working with to allow wallet-bank-wallet transfers".

According to TechZim,  Telecel Marketing Director Obert Mandimika said although they are ready to come on board, certain key issues still need to be put in place.

The delay, he said, has been caused by the need to launch Telecash with full integration to a number of banks that the mobile operator is working with to allow wallet-bank-wallet transfers.

Mandimika said so far they had completed integration with some banks but needed to have a minimum number of them on board for the launch.  We're guessing they need to complete integration with this list of banks. He wouldn't confirm this though.

The problem, said Mandimika, had been worsened by banks entering into what is called a 'freeze period', apparently a period they don't do enough of this integration work needed. We're guessing freeze just means holiday.

 However, it is well known that Telecel is working on a product to compete head on in the market with EcoCash and NetOne's OneWallet.

Telecel is busy signing up agents