United Bank for Africa (UBA) has launched its U-Mobile service in Tanzania, which will enable customers to acquire banking services on their mobile phones or electronic devices. In a ceremony held at the bank’s headquarters in Dar es Salaam on Friday, UBA became the first bank in Tanzania to have its mobile services accessible in
The banking sector growth has brought fresh small and huge claims among stakeholders since its liberalisation some two decades ago in the country. Over the years, these complaints were either left to be dealt with the main stream courts or with the banks via internal mechanisms – whatever the case, customers, majority of them, seemed
The Tanzanian government has advised banks and non-bank financial institutions to extend to rural areas if they wish to be used to channel payments of public servants. The Deputy Minister for Finance and Economic Affairs, Mr Mwigulu Nchemba, said in Dar es Salaam over the weekend that the government was currently using CRDB Bank and
The Deputy Minister for Finance and Economic Affairs, Mr Adam Malima, has called upon financial institutions in the country to develop new products rooted in responsible and ethical business practices. He made the call in Dar es Salaam at the inauguration ceremony of the Diamond Trust Bank (DTB) Nelson Mandela branch. Mr Malima said that
National Bank has announced a strategic partnership with the Defence Forces Canteen Organization (DEFCO), to provide Agent banking facilities within the barracks as the bank seeks to enhance its distribution networks across the country. The bank will partner with 27 DEFCO shops across the barracks on Agent banking where customers will be able to withdraw, make deposits, check balances,
National Bank of Kenya (NBK-NSE) has officially opened its ATM network for nationwide sharing aiming to attract millions of cardholders from other banks, in a new partnership with Kenya’s largest interbank ATM aggregator- PesaPoint. Following launch of this service, ATMs belonging to National Bank effectively become part of PesaPoint meaning cardholders from all other PesaPoint
Gemalto, the world leader in digital security, reinforces its Ezio range of online banking protection with the newly integrated transaction monitoring software – the Ezio Dynamic Fraud Manager. Gemalto is working with NCR, the global leader in consumer transactions technologies, to offer the Fractals intelligent fraud detection solution as part of the Ezio solution. It
Customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other following an agreement between Vodafone Group and MTN Group to interconnect their mobile money services. This interconnect collaboration between the region’s two biggest mobile money operators will enable convenient and affordable international remittances between M-Pesa customers
Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2015 to the Nigerian and London Stock Exchanges. A review of the Q1 2015 results shows that the Bank continued on a strong growth trajectory, re-affirming its position as one of the most profitable and well managed financial
CRDB Bank picked the second winner of Toyota Passo in the ongoing campaign to sensitise customers to use alternative banking channels which are cost efficient and minimise risks of carrying bulk cash. Speaking at the giveaway event of the prize in Dar es Salaam, CRDB Bank Managing Director, Dr Charles Kimei, said the use of
