africa Banking Finance Financial Inclusion Tanzania Tech

Tanzania: 15 banks to use Visa mobile app

Visa is this week set to launch a mobile app that allows free-of-charge and cross-border transactions.

Fifteen banks will roll out the service in Tanzania, according to Visa East Africa senior director merchant for sales and solutions Kennedy Luhombo.

The banks include CRDB, Barclays, Access Bank Tanzania, Akiba Commercial Bank and Azania Bank Limited.

“CRDB, NMB and Exim bank will have Visa on Mobile enabled on their banking apps to deliver the service to consumers and merchants immediately while the other 12 banks will be implementing the service on the coming weeks,” he said.

Tanzania becomes the fouth country to launch the application after Kenya, Ghana and Rwanda.

Consumers need to scan an OR code in store using their smart phones or enter a merchant number into their feature phone .

There are 30,000 merchant locations and 20,000 agents accepting Visa on mobile across the country. “Both consumers and merchants don’t need to be customers of the same bank or mobile operator because the transaction runs through the Visa network,” he said.

Source: The Citizen

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