Old Mutual enters Zimbabwe with fintech

02 June 2023

Old Mutual has entered the fintech space in Zimbabwe with the O’mari platform, which encompasses mobile money, insurtech and healthtech services.

Old Mutual said that the O’mari’s mobile wallet comes with local currency debit card, as well as an international Visa card and will also enable remittances in local and foreign currency. The O’mari platform is accessible through a mobile app and USSD.

“We are launching a fintech business for enhanced transacting convenience. Old mutual digital services will trade as O’mari and will deliver positive impacts in our society,” said Old Mutual CEO, Sam Matsekete.

“The market has seen a sustained increase in payment options. Electronic payment systems have continued to grow such that now over 90% percent of payments are now done on electronic channels,” said Reserve Bank governor, John Mangudya.