Old Mutual enters mobile money market

Zim Now Writer

Old Mutual Zimbabwe has – through Old Mutual Digital Services – launched O’mari, a business that will provide mobile money services.

O’mariu will also provide insurtech, investech, digital lending, e-commerce, payments, and digital products and services for the retail mass market.

Some of the O’mari products are the O’mari mobile wallet, O’mari FoodCare, O’mari SchoolCare and O’mari HealthCare.

The O’mari mobile wallet is an interoperable mobile money solution that allows customers to register on all three networks in Zimbabwe, that is, Econet, NetOne or Telecel using a USSD short code.

Speaking at the launch of O’mari, Old Mutual Zimbabwe Limited group chief executive officer Sam Matsekete, said:

“The solutions we are introducing to the market are customer first solutions that are meant to sustain, grow and protect our customers.”

O’mari managing director, Arthur Matsaudza, said:

“The insurtech and nano lending solutions that we have launched in addition to the wallet consider the everyday needs of our customers, we have designed solutions that are simplified, affordable and accessible, solutions that drive real social impact”.

According to Old Mutual, O’mari customers can send money to any bank or mobile wallet, buy airtime for any network, make merchant and bill payments for billers such as Old Mutual, Zesa, TelOne and Liquid Home, among others.

O’mari customers can cash in and cash out US dollars at major retail outlets across the country.