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Independent mobile money payment platform Nettcash appears to be destined to dominate the mobile money payment market with its latest offering of a mobile application that was launched recently. The company, which has been operating for less than a year, has been able to come up with simplified ways for bill payments, sending money and paying merchants through the new application.

Nettcash chief executive Mr Darlington Kutenha said that they were happy to be launching applications that meet customer demands at a time when Nettcash now boasts 500 000 subscribers and 300 agents.

”Nettcash has managed to attract 500 000 subscribers since inception last year and 300 agents across the country.

“We expect the number to grow as we roll out more and more innovations after this one,” he said.

The Nettcash mobile application runs under Android Operating System devices and is available on Google Store, where users can download the application <https://play.google.com/store/apps/details?id=zw.co.nettcash.online.nettcash&hl=en> and start using it on their Android-powered devices.

The system comes with a package called Viral System, where unregistered clients are automatically registered after receiving funds from a registered client.

The service allows subscribers to pay their DStv premiums, ZESA bills, Doves subscriptions, transfer airtime and send cash to any mobile number.

The application also runs parallel with an SMS platform and Near Sound Data Transfer, a sound-based authentication process whereby a point of sale machine is programmed for it to run a transaction.

The platforms mentioned above are mainly used to push and pull financial transactions. When running transactions, the mobile application always provides the subscriber with SMS confirmation for any transaction done.

Nettcash’s mobile money system is backed by local financial houses, i.e. NMB Bank and CABS for the purposes of security.

Nettcash transaction charges are not different from network to network, the transaction charges are only applicable on the amount you send and they are only fixed to Nett-cash charges.

The transaction charges are 17 to 25 percent cheaper than the other transaction costs on other mobile networking platforms.

In addition, the NettCash mobile application is customer friendly as it allows for feedback during the course of using the application.

The downside is that the application is currently confined to Android users, which automatically excludes iOS and Windows users.

However, Mr Kutenha said that they were working on extending the service to cover iOS and Windows users.

The application is very much affordable when it comes to the size as it only takes up 1,71 megabytes, which is a plus for those who do not have Wi-Fi access to download.

In Zimbabwe most services are now being availed online for easy, low-cost access. Nettcash has made it easier to pay for electricity by having on board ZETDC on the application. This means one can now pay for bills on the application. The application comes at a time when Nettcash recently won the most innovative organisation in mobile payment award.

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