The Latest

Tanzanian Banks Facilitate Payments with China

August 22, 2013
1 minute read

This month two prominent Tanzanian banks introduced new services to facilitate payment to and from China hence favour Sino-Tanzanian trade.

National Bank of Commerce (NBC) clients can now pay Chinese suppliers directly in Yuan Renminbi (CNY).

This will reduce cost of trade by waving currency exchange fees.

Meanwhile CRDB Bank is now accepting China Union Pay, the most widespread payment card in China.

RELATED:  Tanzania Launches Investment Facilitation Platform in Hunan, China to Secure US$ 3 Billion in Investments
Tweet
Share
Share
Share
Related Posts
Tanzania Financial Inclusion Index 2018-2024
Read More

Tanzania Financial Inclusion Index Rises to 0.81 in 2024 with Growth in Microfinance, Mobile Money, Digital Loans, Warehouse System, and Digital Insurance

The Bank of Tanzania Tanzania Financial Inclusion Report 2024 shows the inclusion index rising to 0.81, driven by increased access and usage of financial services. Microfinance access points grew 21.4% year-on-year, active mobile money accounts rose 17.5% to 60.75 million, digital loans doubled, warehouse system beneficiaries increased 1,178%, and digital insurance premiums reached TZS 1.4 trillion, highlighting strong growth across both traditional and digital financial services.
FSDT STRATEGIC ADVISOR DIGITAL FINANCIAL SERVICES
Read More

FSDT Seeks Strategic Advisor for Digital Financial Services and Infrastructure in Tanzania

The Financial Sector Deepening Trust (FSDT) is looking for a Strategic Advisor to support the design and implementation of digital financial services and sector infrastructure initiatives in Tanzania. The consultant will provide technical expertise on DFS innovations, alternative credit scoring, and shared financial systems, with a focus on financial inclusion for women and youth. The engagement runs from July 2025 to June 2027. Proposals must be submitted by 14 August 2025.