United Republic of Tanzania

Access Bank Agent Banking Transactions Hit 2.5bn/- in May

Access Bank has posted a total transaction of 2.5bn/- through its agent banking channel, in May this year. The Chief Banking Service Officer, Mr Sebastien Simonot said in Dar es Salaam that Read More →

Has Africa Been Left Behind by Formal Financial Services?

Has Africa been left behind by formal retail financial services? This is the question posed by the African Financial Retail Readiness Index (AFRRI). The first annual AFRRI report looks at Read More →

Equity Bank Named the Most Innovative Bank in East Africa 2016

Equity Bank, Kenya’s largest in terms of customers’ base, has been recognized as the 2016 most innovative Bank as Equitel scooped the best mobile banking service at this year's Banker Read More →

Pre-paid Visa Card Launched to Boost Cash-less Transactions

Regency Innovation Solution and UBA Tanzania signed a Memorandum of Understanding (MoU) to offer pre-paid visa cards throughout Africa starting with Tanzania. This was announced in Dar es Salaam yesterday by Regency Read More →

Standard Chartered Bank Tanzania Wins Key Africa Banker Award

Standard Chartered Bank Tanzania Limited has won the Best Customer Service Award from the Banker Africa. This achievement was announced at a gala dinner event held in Nairobi last week. The Africa Read More →

CRDB’s Kimei Wins Prestigious EA Banker Award

CRDB Bank Managing Director, Dr Charles Kimei, has received the Life Time Achievement Award in recognition of more than 30 years of outstanding contributions to the banking and financial sector in Read More →

China’s UnionPay to Accept Umoja Switch Card Holders

Umoja Switch card holders will soon be able to use their cards in China thanks to partnership agreement signed between Umoja Switch and UnionPay. Already UnionPay card-holders access their finance through Read More →

Tanzania’s Switch Organization Enables All Its ATMs to Accept UnionPay Cards

UnionPay International and Tanzania’s bankcard switch organization Umoja jointly announced that UnionPay cards (card number starting with 62) will be accepted at all ATMs that subordinate to Umoja. This will Read More →

Tanzanian Banks Cautioned Against Bad Financial Transfers

The Minister of Finance and Planning, Dr Phillip Mpango, has cautioned local banks to be careful when handling all forms of digital money transactions especially involving overseas parties, because at the Read More →

CRDB Eyes Foothold in DR Congo

CRDB Bank plans to expand services to DR Congo to tap growing business opportunities in the central African state after remarkable successes in its operations in Burundi. The bank has already Read More →

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