Standard Chartered Bank Tanzania Limited has been awarded the prestigious ‘Bank of the Year’ award at The Banker Awards 2015. The bank said in a statement that it was winning the award which was announced at a grand gala dinner at an awards ceremony in London last week. “We are delighted to have won this prestigious
Some 62 percent of adults are covered with mobile money services across the country so far, a national financial digital money conference heard in Dar es salaam. The Bank of Tanzania Senior Legal Counsel, George Sije said, during the Mobile Money and Digital Payments Conference running under the theme Risk Management in the Mobile Money Ecosystem.
Vodafone extended M-Pesa to Ghana, the 11th Vodafone market across Africa, Asia and Europe to benefit from the world’s leading mobile money transfer service. The launch of the service, operating in Ghana under the ‘Vodafone Cash’ brand, follows a successful pilot launched in August 2015. Around 15 million people – approximately 64% of the population
Safaricom has partnered with PharmAccess Foundation and CarePay to introduce a new health payment platform that will deepen the ability of citizens to access healthcare. The ‘M-Tiba’ platform will deliver a mobile ‘health wallet’ that channels donor funds meant for health services directly to recipients – allowing for effective tracking and monitoring of use of
Mwalimu Commercial Bank (MCB), expects to open doors to the public in May, 2016, with a capital of 31bn/-. The bank’s Project Manager, Mr Ronald Manongi, told journalists just after the listing of the bank at the Dar es Salaam Stock Exchange (DSE),recently that all arrangements were going on well. The first branch will be
Power outages should no longer prevent you from accessing your cash – that is if you use Stanbic Bank’s ATMs. The Bank has rolled out what it believes to be the first solar powered offsite ATMs in the country. The solar powered ATMs have been rolled out to provide a reliable, cost efficient alternative to
The National Bank of Ethiopia (NBE) has announced that by the end of this fiscal year, Ethiopians would be able to use one ATM and cheque across all banks in the country. Teklewold Atnafu, NBE Governor, said this week that the new system has been finalized and is ready to be implemented. According to Fanabc,
WeChat has extended its features in South Africa with the introduction of the WeChat Wallet, a digital wallet service. Like a physical wallet, you can securely store your bank cards and make instant cash payments within WeChat with the new feature. With WeChat Wallet, users can electronically send cash to friends and family, just like
Telecel Zimbabwe has introduced Telecash bundles that allow subscribers to send money, cash out and pay bills at no charge once they have paid a once-off monthly fee of either $2.50 or $5. The newly introduced Telecash bundles will allow subscribers to send money, cash out and pay bills at no charge for 25 days
UnionPay International, the world’s largest card payment company with 5 billion cards in issue, has announced an agreement with French banking and financial services group Société Générale which gives it immediate entry to eight Francophone countries: Madagascar, Benin, Cote d’Ivoire, Burkina Faso, Cameroon, Guinea, Senegal and Chad. UnionPay cards, already accepted at Société Générale ATM
