Mobile banking takes off in Tanzania

Tanzania’s Amana Bank has introduced new mobile banking and e-banking services giving impetus to the country’s developing mobile money market.


Mobile banking is gaining impetus in Tanzania. (Image: Google/

The bank said that the services being rolled out will enable users in the country to use their mobile phones or the Internet to transfer money and manage their bank accounts.

Amana’s Head of Business, Sudi Marungu, said that “the services are fast and easy to use as they allow customers to carry out banking transactions at their convenience, be it at home, the office or anywhere.”

He added that through the new mobile banking offerings, “bank customers will be able to check their account balances, request for mini-statements or full bank statements and conduct foreign transactions.”

The bank said that all mobile operators in the country will have the new services, including Vodacom, Airtel, Zantel and Tigo.

“Facilities include the transfer of funds from one account to another within the bank and mobile money transfer services such as M-pesa, Tigo-pesa and Airtel Money,” Marungu said.

Amana Bank is a wholly Tanzanian-owned bank, providing a full range of Islamic-compliant banking services to citizens.

Mohammad Awad