SMEs urged to adopt digitally-enabled financing and payment solutions

and extending financial services to the unbanked.

Speaking at the official campaign launch held at Kilombero market in Arusha, NMB Bank’s head of retail banking, Filbert Mponzi, said the bank’s campaign aims to increase the financial inclusion, reduce the unbanked gap and make banking services accessible to all.

Mponzi urged Arusha residents to embrace digital financing and payment solutions, adding that it is a safer and more convenient way to do business.

He noted that in today’s digital world, for businesses to take full advantage of this unique opportunity and trigger longer-term behavior change among their customers, they must accelerate the rate at which they adopt digital payment.

“Small business owners and their customers are often hesitant to use digital payment systems to complete transactions. As a bank, we are compelled to bring these digital payment solutions closer to people and educate them on how they can leverage them to keep their operations simple and secure,” Mponzi said.

He noted that in addition to saving customers time, the campaign has additional benefits, including the ability for customers to make payments through NMB Pesa agents without necessarily physically going to the bank.

He noted that customers of the bank will be able to get instant loans ranging from 1,000/- to 500,000/- without presenting any collateral or collateral.

“We will provide instant loans through ‘MshikoFasta’ product and the terms and conditions are very user-friendly with no guaranteed interest rates. Tanzanians should open a bank account to enjoy the benefits of this campaign,” he said. declared.

On their part, traders at Kilombero market thanked the bank for its commitment to providing flexible loans to small and medium enterprises (SMEs) and expressed their gratitude that the loans are helping to elevate their businesses.

“NMB Bank has really simplified our business by bringing us closer to digital payment solutions. Sometimes we missed customers because customers prefer to make payments electronically. This new digital payment system will relieve us a lot. We will no longer be jostling for change,” said Hassan Athumani, a trader from Kilombero.

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