I&M Bank Tanzania has entered into a strategic partnership with Pesapal Tanzania, a licensed payment service provider and digital solutions company. This collaboration aims to provide Tanzanian businesses, with a special focus on SMEs and mid-sized enterprises, with secure, scalable, and reliable payment solutions for both in-store and online transactions.
As part of this partnership, I&M Bank Tanzania will enhance its services for business customers by offering access to Pesapal’s comprehensive suite of solutions, including Point of Sale (POS) terminals, e-commerce platforms, and mobile payment options. These offerings will be made available on preferential terms, enabling businesses to benefit from advanced digital payment capabilities.
The primary goal of this partnership is to empower Tanzanian businesses by delivering modern and robust payment solutions that cater to the evolving needs of both physical stores and online platforms. In addition to providing top-tier digital payment solutions, the collaboration will emphasize merchant training, onboarding campaigns, and initiatives to boost digital literacy. These efforts will support the broader push for greater financial inclusion and the shift towards a cashless economy in Tanzania.
Business customers will also receive continuous, round-the-clock support to ensure smooth and uninterrupted operations, helping them navigate any challenges that may arise. This commitment to reliable customer service is crucial in maintaining seamless payment processing for businesses, large and small.
By combining I&M Bank Tanzania’s established banking infrastructure with Pesapal’s innovative digital solutions, this partnership represents a significant step forward in advancing financial inclusion, customer experience, and financial innovation in Tanzania. Both companies are working together to drive convenient, cashless payment services that will empower businesses to unlock their full growth potential in an increasingly digital economy.
This collaboration underscores I&M Bank Tanzania’s ongoing commitment to supporting the growth and success of local businesses by providing them with the tools and resources they need to thrive in a rapidly changing financial landscape.
