TWIGA Bancorp Limited (TBCL) and Tanzania Revenue Authority have launched a new service to help customers to pay taxes through a network of Tanzania Customs Integrated Systems (TANCIS). The Chairman of Board of Directors of TBCL, Prof Amon Mbelle, said in Dar es Salaam that the partnership was aimed at improving services to customers wherever
Vodacom Tanzania launched a new M-PESA service “LIPA KWA M-PESA – an integrated payment system for the business community that allows merchants, retailers and distributors, in a far more secure way, to settle payments by using M-PESA. The new service will improve business and customer convenience by expanding the payment ecosystem from customers paying their
NBC Tanzania has appointed Mr Pius Tibazarwa as Interim Managing Director of the bank to succeed Ms Mizinga Melu who has been assigned a new role as Chief Executive Officer of Barclays Africa Regional Management. The NBC Board Chairman Dr Mussa Assad said in Dar es Salaam that the outgoing NBC Managing Director has built
Tigo Tanzania has launched a mobile money service through which users could earn automatic return on their balance direct to their wallet without requiring a separate registration. The service in Tanzania is called Tigo Wekeza and will allow Tigo Pesa users currently about 3.5 million to enjoy quarterly payments based on the balance held in
Tanzanians have been urged to cultivate and strengthen a culture of keeping money in bank accounts for their safety and country’s economic development. Talking to journalists in Dar es Salaam over the weekend, a legal officer at the Deposit Insurance Board, Mr Rashid Mrutu, said the culture of having and keeping money in banks builds
The Bank of Tanzania issued a 500/- coin to replace the current 500/- note, which wear off easily. Addressing reporters in Dar es Salaam, BoT’s Director of Banking Service, Mr Emmanuel Boaz, said that the new coin will be in use early October. “Coins are more durable with a longer life span. Due to a
East African countries introduced various reforms including liberalization of the financial sector about two decades to sustain their economic growth. The countries namely, Tanzania, Uganda and Rwanda have seen huge gains but are paying a price at the expense of banking ethics and professionalism. Before the liberalisation, central banks in the region were custodian of
Equity Bank Tanzania, has unveiled its latest innovation dubbed EAZZY 24/7, mobile phone banking platform. Eazzy 24/7 allows the Bank’s customers to access banking services using their mobile phone. The service is accessible through Vodacom, Airtel, Tigo, and Zantel. The platform allows customers to carry out various transactions such as Airtime top up, Transfer funds,
Airtel Tanzania and Tigo Tanzania have partnered for a cross-network money transfer service that will make it possible for subscribers from both networks to send and receive money between their mobile money wallets. HumanIPO reported in June three mobile operators in Tanzania Tigo, Airtel and Zantel announced they would launch interoperability for mobile money services,
Twiga Bancorp has announced plans to fully incorporate internet and mobile banking before end of this year to widen access and convenience to customers. The Bank’s Acting Chief Executive Officer, Mr Wallace Msemo, told the ‘Daily News’ in an exclusive interview here during the just ended Nane Nane exhibitions that the software developers were expected
