TCB unveils progressive cost resolution to spice up cashless economic system

DAR ES SALAAM: Tanzania Commercial Bank (TCB) has launched “LIPA POPOTE,” an progressive cost resolution designed to streamline transactions for small and medium enterprises (SMEs) and enterprise house owners.

The cost gateway permits TCB clients to obtain funds instantly into their respective financial institution accounts by means of a single service provider quantity, branded “LIPA POPOTE.”

Describing the newly launched service, TCB’s Chief Digital and Innovations Officer, Mr. Jesse Jackson, stated that by means of LIPA POPOTE, account holders can conveniently pay for items and companies utilizing this distinctive service provider Till Number, making transactions simpler than ever earlier than.

“TCB is committed to fostering innovation that positively impacts the livelihoods of Tanzanians. LIPA POPOTE demonstrates our dedication to supporting SMEs by providing a streamlined payment solution that’s both efficient and secure,” stated Jackson. “This solution is more than just a payment tool; it’s a step toward economic empowerment for businesses across the country, from urban centers to rural communities. Our vision is to make financial services accessible, secure, and affordable for everyone.”

On her half, the Director of Retail and SME Banking at TCB, Ms. Lillian Mtali, said that by embracing digital cost options like LIPA POPOTE, the financial institution advances its monetary inclusion objectives to profit companies, people, and underserved communities alike.

“This payment tool is expected to transform the way small businesses operate, allowing them to transact seamlessly and focus on growth,” Ms. Mtali stated.

According to TCB CEO Adam Mihayo, as digital transformation reshapes the nation’s economic system by empowering MSMEs, TCB goals to be on the forefront of offering progressive banking options that drive monetary inclusion. He stated, “LIPA POPOTE aligns with our core values of empowerment and accessibility, enabling all Tanzanians to experience the benefits of modern banking.”

LIPA POPOTE is designed to handle the evolving wants of SMEs within the nation, which type a vital spine of Tanzania’s economic system. This cost resolution goals to simplify cost processes for enterprise house owners, enabling them to obtain funds immediately and securely.