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Another Tanzanian Bank To Launch Mobile Banking

Tanzania bank, Twiga Bancorp, has announced plans to bring internet and mobile banking to its customers before end of 2014.

According to Wallace Msemo, the acting CEO for Twiga Bank, who spoke with Daily News during the recent Nane Nane exhibitions, the introduction of mobile banking will expand the bank’s reach in the country.

“We are eying to introduce internet and mobile banking before end of this year and this will increase convenience among customers and will allow us operate where bank facilities are nonexistent,” he said.

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Hon. Msemo went on to indicate that software developers are expected in the country by the end of August to work towards reducing the extent of manual services by bringing internet banking to customers for easier access to online bank statements, balances and forms.
Twiga Bancorp Limited currently operates in Dar es Salaam, Arusha and Mwanza, but Hon. Msemo has said that the government owned bank is now working with the United Nations Development Programme (UNDP) to increase access to loans for fishermen in some of the countries lowest income areas.

“We have partnered with the United Nations Development Programme (UNDP) and opened an agent in Bunda District which was earmarked as one of the areas with lowest population income, our role will be to enable fishermen access loans as a way of helping them go commercial,” he said.

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