HARARE, September 20 (The Source) – Zimbabwe’s state owned fixed line operator TelOne says it has processed transactions worth more than $4 million on its online payment platform in the six months to June 2016.
The online payment platform was launched in July last year to facilitate easy payment of TelOne bills.
Currently the platform processes transactions worth $800,000 monthly and volumes are expected to double by December this year as the parastatal pushes for more payments online.
The company is targeting to commence the first stage of its network modernisation project under a $98 million loan from China Exim Bank, in the last quarter of the year.
“We are happy to say we are expecting the first consignment of our equipment in the final quarter of the year and before christmas we should be commissioning the first stage and phase two will come pretty close in Q1 2017,” said managing director Chipo Mtasa at the company’s website and application preview.
The modernisation plan entails replacing the company’s entire network and embarking on a backbone fibre optic transmission and broadband access project which are seen as integral to telco’s bid to become a fully-fledged technological company, offering enhanced data services above its traditional voice service.