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Zantel launches cellphone money transfer service
2008-04-24 10:35:12
By Correspondent Gadiosa Lamtey
Zantel, a mobile phone service company, yesterday launched `Zpesa`, a mobile money transfer service that will enable customers to send and receive money throughout the country using their mobile phones.
Speaking to journalists in Dar es Salaam, Zantel chief commercial officer Justin Coetzee said the service is aimed at providing secure, affordable and convenient money transfer solutions and banking services.
``We are proud to provide this service in Tanzania. We have completed all technical and regulatory requirements including securing a Bank of Tanzania (BoT) approval, and we are proud to confirm that the service will be available countrywide from today,`` Coetzee said.
According to him, the service is designed to provide banking services for people who do not have access to traditional banking facilities.
``Zpesa would enable our customers to send, receive and save money simply by using their mobile phones,`` he said, adding that the service would be available countrywide.
He said the service was simple and user-friendly as it only required a Zantel subscriber to visit a `Zpesa` agent and open an account from which they could send money to anyone including those using other networks.
To receive money one would simply have to go to any `Zpesa` agent with their phone and receive hard cash.
Coetzee added 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 up-country 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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