Tigo-Pesa, NMB Partner in Cash Transfers

TIGO and NMB Bank have launched an innovative service that enables customers of the bank and Tigo-Pesa services to deposit and transfer funds through a mobile phone.

Speaking at the event, Mr Ruan Swanepoel, TigoPesa Commercial Manager and Mr Tom Borghols the NMB Acting Chief Executive Officer and Chief Risk Officer described the new service which integrates banking and mobile financial services as an innovation designed to improve the lives of customers of the two companies.

Mr Borghols said: “This extended cash deposit and transfer channel will enable around 1,000,000 customers registered with NMB Mobile to utilise TigoPesa agents to deposit or transfer directly into their bank accounts wherever they are.”

There are more than 20,000 active TigoPesa agents countrywide according to the company Commercial Manager in all parts of the country, Pemba and Zanzibar included.

Mr Borghols said the new service represents ‘a partnership of strength’ between Tigo and NMB noting that the art to do mobile money deposit and transfer service will significantly contribute to the social and economic wellbeing of Tanzanians.

On his part, the TigoPesa Commercial Manager said integration of mobile financial services with NMB banking services is part of the company’s goal “to provide access to banking and mobile financial services to as many Tanzanians as possible.”

“Our plan is to integrate our mobile financial services with other sectors of the economy in the country so that at the end of the day bank account holders will no longer need to go to a branch to deposit or withdraw funds, but do it directly from their Tigo Pesa wallet ,” Mr Swanepoel said.

Originally Published on Daily News Tanzania.

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