NMB Bank Unveils Partnership with UnionPay International

NMB Bank Plc has announced the debut of acquiring services with UnionPay International today that enables UnionPay cardholders worldwide to access services at NMB ATMs, merchant Point-of-Sales (POS) and e-commerce platforms across Tanzania. NMB Bank merchants are also enabled to accept online payments on their websites.

“Customer-centric has been the main focus of NMB Bank. The UnionPay acquiring services that facilitate quick, easy and secure payment services to NMB Bank customers, and enable real-time access to their funds with extra digital value-added services”, Ms. Ruth Zaipuna, the Chief Executive Officer of NMB Bank spoke at the launch, “It is also an opportunity for merchants such as retail stores, hotels, tour operators to boost up their cross-border businesses by accepting online payments”.

“With our chain of more than 1750 POS terminals and over 800 ATMs across the country, the service is expected to significantly benefit our customers. This is a milestone for our Bank and UnionPay International to accelerate financial inclusion and digital transformation in the region. With the new e-commerce capabilities, a modern, secured and convenient payment environment facilitate NMB’s existing and potential merchants to grow their business locally and internationally”, Ms. Zaipuna added.

“UnionPay cards are recognized as a significant payment tool for the trade, tourism and culture exchanges between Africa and Asia. This cooperation between NMB Bank and UnionPay International has further extended UnionPay’s cross-border capabilities and symbolize a new era of financial transformation”, said Mr. Luping Zhang, General Manager of UnionPay International Africa Branch, “We are excited to roll out this comprehensive acceptance with NMB Bank, a market leader in Tanzania”.

UnionPay International offers high quality of cross-border payment services, competitive and secured services to cardholders worldwide, and ensures convenient and swift local services to an increasing number of merchants and customers of UnionPay cards.

Today, with over 8.4 billion cards issued in 61 countries and regions, UnionPay serves the world’s largest cardholder base. In Africa, UnionPay is present in 50 countries with cards issued locally in 11 countries. Moreover, UnionPay has launched various innovative payment products in Africa in response to the worldwide digital transformation and financial inclusion.