Tanzanian bank launches mobile banking service

Oct 23, 2012

A financial services provider in Tanzania has unveiled its new mobile banking facility.

A financial services provider in Tanzania has unveiled its new mobile banking facility.

Islamic finance institution
Amana Bank is aiming to encourage more people to use their handsets to perform transactions, so they can access banking services any time and in any location.

Consumers will also be able to obtain bank statements, check their balance and transfer money to recipients in other countries, the Tanzania Daily News reports.

The mobile banking service will be available to subscribers to Tigo, Zantel, Airtel and Vodacom.

Sudi Marungu, head of business at the company, commented: "These services are fast and easy to use as they allow customers to carry out banking transactions at their convenient time."

He added that people will be able to "perform transactions at their fingertips" with the new mobile banking facility.

This comes after the New Times reported that Tanzania and its neighbours in the East African Community have begun collaborating in an attempt to improve the area's money transfer procedures, so transactions can be speedier and less expensive.ADNFCR-2976-ID-801474246-ADNFCR