Home » Business » NetOne introduces zero-rated transactions

NetOne introduces zero-rated transactions

NetOne has today announced that it has introduced a zero-rated transactions on all OneMoney transactions except the statutory 2% tax and card swipe charges.

Addressing journalists at NetOne conference room the company’s Chief Executive Officer (CEO) Mr Lazarus Muchenje said there will be no charges when sending or receiving money and also on cash outs at any NetOne Shop or agent.

“What this means is there will be no transaction fees when you perform a send money transaction, regardless of the amount! There will also be no transaction fees levied on merchant payments either!. You will also not be charged for cash outs at any NetOne shop or agent,” said Muchenje.

Muchenje also said the zero-rated transactions is a Christmas promotion which will end on the 31st  of December 2019.

“These charges will remain waived until 31st December 2019.This is expected to greatly reduce the burden on the consumers as the charges waived constitute the bulk of transnational costs,” he added.

Muchenje has also assured its consumers that they will be giving out 1GB of data for customers funding their OneMoney accounts with a minimum of $500 within 24 hours.

About Tania Olgar Satikono

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.


Check Also

Zim COVID19 lockdown restrictions eased

Zimbabwe President. Honourable Emmerson Mnangagwa has announced new relaxed lockdown measures following the falling numbers ...