Barclays scraps charges on ATMs in Tanzania

Apr 19, 2011

Barclays Bank Managing Director in Tanzania Kihara Maina said on Monday April 4th in Dar es-Salaam that the bank will scrap all charges on ATMs from next month, Les Afriques newspaper reports.

According to Mr Majna, high investment costs are slowing down banking services' penetration across the country.

"We will keep on exploring ways to make banking services more accessible and affordable," he said.

Furthermore, the Diamond Trust Bank Tanzania Limited announced last weekend that it will launch Sunday banking services to ensure there are facilities seven days a week.

The Bank's chairman Abdul Samji said that Sunday banking would only be offered at branches situated in the Morocco area of Dar es-Salaam city centre.

"Successful banking requires thinking outside the box, shifting from traditional way of doing things as well as changing our mindset with the view to reinforcing innovative products and services," said Dr Nagu, the Minister of State Prime Minister's Office (Investment and Empowerment), quoted by the Citizen newspaper.