Exim Bank Introduces New Debit Card

EXIM Bank Tanzania has introduced Faida EMV Debit Card to replace the existing Magnetic Stripe Card, in a move designed to enhance the bank’s transactions.

Faida EMV Debit Card provides enhanced security through an embedded chip that processes the customer’s data with unparallel security and hence making it virtually impossible to copy or tamper with.

Exim Bank Head of Treasury, Mr George Shumbusho, told a news conference in Dar es Salaam yesterday that the new card provides an enhanced security through embedded chip and additional PIN verification.

“At Exim Bank we understand our customers’ need for safer and more secured transactions. With Exim Bank Faida EMV debit card a customer can rest assured that his/her card transactions are safe and completely secure,” said Mr Shumbusho.

He further mentioned that the Faida EMV debit card allows a customer to access his/her account and perform transactions from any MasterCard certified ATMs and POS machines globally.

“Exim Bank believes that “Innovation is Life”, therefore we will keep innovating new technologies that goes in-line with the technological advancement into today’s world to address the issues and challenges related to cyber security.

“We hope our customers will have a wonderful experience with their Faida EMV Debit card,” he added

Originally published on DailyNews Tanzania