The National Microfinance Bank PLC (NMB) in Tanzania has launched an account for Business Customers branded NMB Business Account Plus in Mwanza that would provide a wide opportunity for self service channels.
The NMB Chief Finance Officer, Mr Waziri Barnabas said at the event held in Mwanza on Wednesday that NMB Business Account Plus has been created to respond to the business account customer needs.
Initially, he said NMB business customers were required to open NMB Business Account that was not offering access to NMB ATM Card or NMB mobile. “But with the launch of NMB Business Account Plus, business customers can now enjoy the flexibility of Self Service channels.
“Business customers can now use NMB ATM card and get access to more than 500 ATMs countrywide,” said Mr Barnabas. He said the Business customers through NMB Business Account Plus can be connected to NMB mobile services and initiate banking transactions from the comfort of their home or business place.
Also with NMB mobile, NMB Business Account Plus customers can make transfers from their account to another person who has NMB account or to a person without NMB account also known as NMB PesaFasta or make deposits through over 40,000 Vodacom Mpesa agents countrywide.
NMB has over 1.7 million ATM cards activated and the ATM network grew to over 500 ATM machines nationwide with NMB mobile reaching over 930, 000 active accounts in 2013. The Head of NMB Business Banking Mr Filbert Mponzi, said “NMB lends to some 45,000 micro enterprises nationwide, and to some 10,000 SME’s through its 150 branches and business centres nationwide.”
The launch of NMB Business Account Plus will allow business customers to use NMB ATM and Cheque Book. In addition, it has been embedded with NMB mobile facilities.” NMB branch network of 150 branches continues to be the dominant network among banks in Tanzania, fulfilling a key role in empowering local communities, and thus having significant but often forgotten economic impact, especially in those previously unbanked communities and districts.
Currently, NMB has over 1.8 million customers, which means that up to 40 per cent of all Tanzanians who have a bank account actually are banking with NMB.
Article originally published on Daily News.