LIMERICK, IRELAND--(Marketwired - Jul 21, 2017) - One Horizon Group, Inc. (
The launch follows full regulatory approval for the product launch by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ).
Econet Wireless is Zimbabwe's largest and most innovative mobile network operator, with 10.2 million connected customers and 6.3 [1] million pre-paid subscribers, representing close to 50% of the market. The 'Econet Plus' App is integrated with EcoCash , Zimbabwe's largest mobile transactions and payment service, allowing 3.2 million subscribers to purchase credit for use on the App directly from their smartphones.
Navdeep Kapur, CMO of Econet Wireless, said, "We are delighted to have removed high roaming charges for our customers using the latest mobile voice technology from One Horizon. Our customers will now be able to call home at very affordable rates through this product, no matter where they may be."
Brian Collins, CEO of One Horizon Group, stated, "Launching such innovative voice services in Zimbabwe really makes a difference. The stroke of genius from Econet Wireless was to negotiate free roaming for 'Econet Plus' mobile data, so that their pre-paid users continue to generate revenue. This will be a new source of voice revenue for Econet and for One Horizon, a true win-win."
[1] http://www.techzim.co.zw/wp-content/uploads/2...POTRAZ.pdf
About Econet Wireless: Econet Wireless (Pvt) Ltd. is a provider of telecommunication services with 10.2 million connected customers, and 6.3 million active prepaid mobile subscribers. The company offers telecoms, media and technology solutions in mobile wireless, data access and billing solutions as well as a variety of overlay services such as EcoCash (the fastest growing mobile money transfer service in Sub-Saharan Africa), micro insurance service EcoSure, Ecofarmer and Steward Bank, a leader in digital banking solutions in Zimbabwe. Econet launched its network in 1998, and has grown to be the largest provider of telecommunications and payment solutions in Zimbabwe.
About EcoCash: EcoCash is a mobile transactions and payment solution with 6.8 million registered customers and 3.2 million active users that enables Econet Wireless customers to engage in financial transactions such as sending money to loved ones, buying prepaid airtime for themselves or other Econet subscribers and paying for goods and services. EcoCash controls over 97 percent of the mobile money market in Zimbabwe.
About One Horizon Group, Inc.
One Horizon Group, Inc. (
Safe Harbor Statement This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
