B-Pesa diversifies coverage

BPESA Tanzania will see its services and operating territory expanding after entering into agreement with I&M Bank through use of certified Chip and PIN card.

The BPESA’s Managing Director, Mr Sean Merali, said at a news conference in Dar es Salaam that the BPESA EMV certified Chip and PIN card will not only expand its services but further reduce cash dependence and enhance financial inclusion.

Also according to Mr Merali, the new partnerships were required with other East African banks in the ever-changing market, especially since customers demand for versatile products and new technologies is at an all time high.

The partnership between the two companies means that a customer can easily load their BPESA card at any I&M bank branches across the country.

“We are in the final stages of launching BPESA cards with Stanbic Bank and DTB Bank with both banks having already received approval from Bank of Tanzania (BoT),” he said.

He said BPESA has now embarked on East African roll out for 2015 with offices in Kenya and Uganda already established in preparation for the wider reach of BPESA cards.

The I&M bank has currently six branches in the main commercial centers of Dar es Salaam, Moshi, Arusha and Mwanza. With this network, it both increases the convenience of both I&M and BPESA customers.

He added that the I&M customers would be able to enjoy the other multiple services that BPESA has which includes over 2,500 merchants already accepting these cards and several thousand cardholders already enjoying the services offered.

In another development, BPESA has also gifted it’s customers in the Christmas season where cardholders have enjoyed up to 50 per cent cash backs for purchases on their cards for 12 days and at multiple merchant outlets.
Source: Daily News reported from Dar es Salaam, Tanzania
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