Five years of Mpawa Milestones celebrated during 4th Draw

08Jul 2019
The Guardian Reporter
The Guardian
Five years of Mpawa Milestones celebrated during 4th Draw

CBA and Vodacom conducted the 4th draw for the 5 years of Mpawa service aimed to foster financial inclusion for all last Thursday at the CBA headquarters in Dar es Salaam. In the bid to celebrate, a savings and loan repayment promotion has been on-

ongoing with weekly draws that have had up-to 340 M-Pawa users walk away with double balance starting from 1000 - 200,000 Tz shillings, Smart Phones, and airtime vouchers.

When approached about the Mpawa service, Solomon Kawiche, Marketing Manager had this to say about the 5-year Milestone.

M-Pawa is celebrating 5 years, what are the success stories about the product since it began?

M-Pawa began with 4 Customers, to - date we have 8.5M users and have Simplified the lives of the Unbanked population by providing access to banking services at affordable rates i.e. one can borrow TZ shs 1000 which cannot be done in traditional banking.

M-Pawa has been able to provide Deposit accounts at a lower amount of TZshs 1, there is no other bank in Tanzania providing that and this has Simplified the banking system to no paper work needed for a transaction to be made, no need for visiting bank branches all this together with Mpawa customers gaining profit from their savings.

Also customer funds are more secured with Mpawa because because there are no hidden bank/service charges.

M-Pawa has raised the standards of livings of millions of Tanzania especially small business owners also not forgetting providing security in emergencies: one can borrow at any time anywhere with Mpawa.

What does the future hold for M-Pawa?

Being the first Digital product in Tanzania, M-Pawa will continue to touch more lives of the unbanked population, and remain focused on financial inclusion for all: but also as a bank we plan to invest more in the product to ensure that it goes in line with the current development in science and Technology and enable the service usage on an App.

What’s your opinion on Digital Financial services specifically M-Pawa?

Digital financial products in this new age are not to be ignored, specifically M-Pawa because it is Less Costly, reliable and very convenient.

Mpawa is accessible on your mobile handset, it’s a convenient banking service for wherever you are, with affordable rates and a customer gets to earn interest on savings without hidden dynamics.

This the game changer for the Mpawa product.

The grand draw prize winner of the 5 years of Mpawa promotion will be rewarded with 15 million Tanzanian shillings take home at the end of the draws.

For more information about Mpawa product, visit CBA Bank/Vodacom social pages or Dial *150*00# to choose M-Pawa.

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