CRDB Bank has reported impressive financial results after posting 13.4 per cent net profit growth that reached 95.64bn/- for the quarter ended December 31, 2014, up from 84.37bn/- for the similar period a year earlier. The period under review, according to the audited financial statements published on Tuesday, saw other key bank’s variables like assets,
Tanzania have been urged to capitalise on the fast changing technological innovations in the mobile money industry as a way to lift them from poverty. “We should no run away from challenges emerging from the technology revolution in the mobile money industry rather use them as an opportunity for improved livelihoods,” said Mr Mwigulu Nchemba,
The Bank of Tanzania has licensed China Commercial Bank (CCB), to operate in the country bringing to over fifty, the number of financial institutions in the country. According to the Central Bank, (BoT), the new bank has no banking affiliation with another bank in China or Tanzania. The BoT Director of Banking Supervision, Mr Agapiti
The shareholders of Equity Group Holdings (formerly Equity Bank Limited), have approved a raft of resolutions to set the foundation for the firm’s pan African expansion initiative The approvals, which were secured during the firm’s 11th Annual General Meeting (AGM) held today now places the Group on the path of a continental expansion of its
A Local bank by teachers, Mwalimu Commercial Bank is set to boost Dar es Salaam Stock Exchange (DSE) capitalisation to 25 per cent and transform capital market landscape in the country. The bank, currently in final preparations before taking off and expected to list at the DSE alternative market in June, is expected to double
The mobile payments company Fortumo is launching hybrid subscriptions using carrier billing. Hybrid subscriptions enable merchants to provide access to content on a limited time basis in low-income markets. Fortumo’s new product is intended to complement its subscription payments solution (available in more than 20 countries globally) in regions where recurring billing has proven to
The Cost of Chargebacks Though accepting credit card payments is beneficial to a business, chargebacks can cause major drawbacks. We covered a few aspects of the chargeback process here and here. In this post we’ll discuss how to avoid chargebacks. If a customer disputes a transaction for one reason or another, the merchant will have
It can sometimes be difficult to totally avoid chargebacks. In light of this its best for a merchant to understand how the chargeback process works and what to expect when a chargeback request against you is requested by a cardholder. Before we look at the process, here are some of the terms you need to
Stanbic Bank says keeping account security is a top priority to make customers free from stress of losing their money. According to the Stanbic Bank Head of Channels Farha Mohamed, the bank has a primary role to play in keeping secure the banking details but customers too play vital role in ensuring the account security.
Risks associated with the management of cash transaction are declining, thanks to the introduction of online banking system in the economy. This was said in Dar es Salaam on Tuesday by the NBC Bank, Head of Alternative Channels, Mr Raymond Mutagahywa, at the launch of the online banking services to users of smartphones and tablets.
