PBZ/WORLD REMIT WAPANUA HUDUMA KWA DIASPORA
THE PEOPLES BANK OF ZANZIBAR LAUNCHES A NEW ONLINE REMITTANCE SERVICE (MOBILE)!
The new service to benefit millions of Tanzanians with relatives and friends abroad!
Recipients to receive money on their mobile phones anywhere in Tanzania!
(Zanzibar, Tanzania) — The People’s Bank of Zanzibar Limited (PBZ Ltd) which is one among the oldest commercial banks in Tanzania and the only indigenous bank in Zanzibar wholly owned by the people of Zanzibar has today expanded its online remittance services to Tanzania from abroad by launching a new service for mobile phone subscribers in the country.
The new service enables members of Tanzanian Diasporic communities to transfer money to their loved ones in Tanzania directly to their mobile phones. Thus, anyone with a mobile phone in Tanzania can now receive money securely and promptly from overseas regardless of his/her location in the country. Similar service is already enjoyed by other East African countries.
The service is carried-out in collaboration with a widely renowned and an award-winning London-based financial services institution called WorldRemit.
The People’s Bank of Zanzibar couldn’t have planned a better timing for the launch of this new service than at the moment when the local Tanzanian mobile networks just signed the ‘interoperability agreement’ which allows mobile money customers to transfer cash to each other regardless of whether they are using Tigo Pesa, Airtel Money or Ezy Pesa on their mobile handsets.
With such an agreement in place, many families in the Diaspora will now be enticed to send e-money back home to the e-wallet accounts of their relatives even if the relatives live in remote villages. This will definitely promote a nascent ‘cashless’ economy in Tanzania and will help to drive forward e-commerce and socio-economic development in the country.
Above: Mr Juma Amour Mohammed, the Managing Director of the People’s Bank of Zanzibar Ltd is seen speaking recently in one of the bank’s official functions in Dar-Es-Salaam. The mobile remittance service was launched today in Zanzibar and London simultaneously.
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ZANZIBAR-CANADIAN DIASPORA ASSOCIATION (ZACADIA)