DTB introduces three products package to foster financial inclusion

21Mar 2019
The Guardian Reporter
The Guardian
DTB introduces three products package to foster financial inclusion

IN a bid to foster financial inclusion, Diamond Trust Bank Tanzania Limited introduced a package of three products in the market.

DTB Board Chairman, Abdul Samji speaks at a past event. File photo.  

The package which includes pre-paid cards, agent banking and merchant Point of Sales (PoS) machines will also improve customer experience and reduce the cost of banking to customers.

The pre-paid cards under MasterCard comes with multiple currency options of 10 globally recognized currencies besides the local currency will enable traders, business travellers, medical tourists, students and holiday makers travelling abroad to avoid paying currency exchange commissions.

Other currencies on the pre-paid cards includes: United States dollar, euro, British pound sterling, United Arab Emirates dirham, Indian rupees, South African rand, Chinese yuan, Canadian dollars, Kenya and Uganda shillings.

Addressing guests during the launch, DTB Tanzania Board Chairman, Abdul Samji said the bank is committed towards improving service delivery and customer experience through innovation. “I am glad that once again we have brought safety, comfort, convenience and value for money to our customers through low cost transaction channels,” Samji said.

“By launching agent banking services, our customers shall have access to a host of banking services directly from the registered people who are spread across the country. These services range from cash withdrawal, cash deposit, balance enquiry and access to mini statements,” he added while noting that agent banking is an efficient economical strategy of reaching the un-banked rural Tanzanians who constitute more than 80 percent of the population.

DTB-Tanzania presently has a network of 28 branches countrywide, 14 of which are Dar es Salaam, two each are in Arusha and Mwanza cities while Dodoma, Kahama, Mbeya, Morogoro, Moshi, Mtwara, Mwanza, Tabora, Tanga and Zanzibar have a branch each.

DTB Tanzania is part of DTB Group, a pan East African banking group, with more than 130 branches across Tanzania, Kenya, Uganda and Burundi. The bank is also an affiliate of the Agha Khan fund for Economic Development (AKFED).