Africa-Press – Tanzania. DAR ES SALAAM: NCBA Tanzania has embarked on digital banking penetration by introducing a mobile banking application service aims at promoting cashless transactions within the banking sector.
The ‘NCBA Now App’ offers real-time account monitoring and card management, service requests and fund transfer options, bill payments, and instant mobile wallet transactions, providing a seamless and secure banking experience.
Additionally, the app will also give customers the opportunity to make transactions capability of up to 5.0m/- at ago.
“As we launch this app, indicates a quick response to the feedback we received from customers. This app will give customers a full control of their finances through monitoring their accounts in real-time,” said Mr Claver Serumaga, NCBA Tanzania’s Managing Director during the launching last Thursday.
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During the launch, NCBA Tanzania also highlighted on the last year’s financial results ending December 31 with a strong performance of profit after tax of 20.16bn/- representing a 157 per cent growth rate.
The bank also posted profit in customer deposits by 91.5 per cent to 262.5bn/- while Bank’s total assets grew by 14.5 per cent to 515.5bn/-.
Additionally, Mr John Gachora, NCBA Group’s Managing Director said the implementation of the service reflects the bank’s iniatives and commitment towards the promotion of sustainability and digital transformation which embarks on the elimination of cash transactions within the sector.
“It is important to emphasize our commitment to sustainability and digital transformation, in line with the United Nations Sustainable Development Goals (SDGs), “said Mr John Gachora.
He added that “As a digitally-led financial institution, we want to play a big role in enhancing financial inclusion across our markets in the East African region through innovative financial solutions that cater to the market needs and also produce products that address the challenges our customers are facing.”
Furthermore, the country’s Treasury Registrar Mr Nehemia Mchechu said the service will enable customers have access in the digital connectivity and will increase a number of financial inclusion in the country.
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