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Zantel now announces plans to launch mobile banking services
2008-04-12 10:37:02
By Gadiosa Lamatey
The mobile phone company, Zantel, will launch banking services that would enable its customers to send and receive money throughout the country by using their cell phones, on April 14, this year.
In a statement released in Dar es Salaam on Thursday, Zantel Chief Commercial Officer, Justin Coetzee, said the service which would be called ``ZPESA,`` is aimed at providing secure, affordable and convenient money transfer solutions and banking.
``We are proud to be among the first to provide this service in Tanzania. We have completed all technical and regulatory requirements including securing BoT approval and we confirm that the service will be available countrywide from next week,`` said Coetzee.
He said the service would be designed to provide banking services for those who do not have access to traditional banking facilities.
``ZPESA would enable our customers to send, receive and save money by simply using their mobile phones. The service will be available countrywide so that our customers can enjoy the service wherever they are,`` he said.
He said the service was simple and user friendly, requiring Zantel subscribers to visit a ZPESA agent and open an account from which money would be sent to anyone, including those using other networks.
Coetzee explained that to receive money, one is simply required to visit any ZPESA agent with his phone to receive hard cash.
He said that apart from sending and receiving money, the service would enable people to securely save in their virtual ZPESA accounts and avoid the risk of losing their money.
``For example, if you are travelling upcountry and you don\'t want to carry cash, you can just buy your e-units and collect your money when you get to your destination,`` he said.
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