{"id":7908,"date":"2020-04-30T20:24:32","date_gmt":"2020-04-30T20:24:32","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=7908"},"modified":"2020-04-30T20:24:32","modified_gmt":"2020-04-30T20:24:32","slug":"airtel-enhances-financial-inclusion-via-technology","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology","title":{"rendered":"AIRTEL ENHANCES FINANCIAL INCLUSION VIA TECHNOLOGY"},"content":{"rendered":"<p><strong>AfricaPress-Tanzania:<\/strong> AIRTEL Tanzania has said it is committed to enhance innovation and technology, particularly through Timiza Akiba platform to advance financial inclusion for all Tanzanians.<\/p>\n<p>Airtel Money Director Isack Nchunda said in Dar es Salaam yesterday that Timiza Akiba enables customers to save for a purpose while curtailing luxury spending.<\/p>\n<p>\u201cTimiza Akiba as savings product runs on mobile money and therefore deposits and withdrawals are made digitally and safely,\u201d he said.<\/p>\n<p>Airtel Tanzania makes Timiza Akiba available to all Airtel Money customers through their mobile network and USSD functionality which works with any feature phone and doesn\u2019t require access to data. Letshego Bank Tanzania\u2019s Acting Chief Executive, Andrew Tarimo, said Letshego is committed to streamline and simplify access to financial solutions for emerging consumers across the country and mostly supporting customers through the current economic challenges as a result of the Covid-19 pandemic.<\/p>\n<p>\u201cTimiza Akiba\u2019s digital partnership is a secure and a rewarding way to save money for when you need it most,\u201d he said.<\/p>\n<p>With total savings growing by more than 30 per cent in the last three months alone, Timiza Akiba is proving to be a safe and accessible option to help Tanzanians save their hard-earned cash simply, safely and easily, using their mobile phones.<\/p>\n<p>Launched just under two years ago, through a partnership with Airtel, Letshego Bank Tanzania and financial technology company Jumo, Timiza Akiba is Tanzania\u2019s first fee-free, interest-bearing mobile money savings account.<\/p>\n<p>With the initial aim to drive a savings culture among the people of Tanzania and help them reach their business or personal financial goals, the dynamic partnership is showing signs of sustained success.<\/p>\n<p>Timiza Akiba allows Airtel customers to set up a savings account and save any amount from 100\/- up to 5m\/- directly from their mobile phones, without having to handle cash or travel to a bank.<\/p>\n<p>The funds are managed by Letshego Bank Tanzania and those customers who manage to avoid spending their savings, receive a monthly sum as a reward for their commitment towards reaching their financial buffer, or goal.<\/p>\n<p>Timiza Akiba\u2019s reward is calculated as a percentage of total savings on a balance of any size, and supports national government mandates to encourage and support the growth and development of the local savings culture.<\/p>\n<p>Withdrawals are, however, accessible and available at any time with no transaction costs, in the event of an unexpected expense or emergency.<\/p>\n<p>Timiza Akiba\u2019s banking partner Letshego Bank Tanzania is a member of the 11-country strong pan-African Group, listed in Botswana and Namibia.<\/p>\n<p>Jumo builds and operates short-term, structured and long-term financial products, such as Timiza Akiba for emerging markets.<\/p>\n<p>\u201cOur technology stack reduces unit economics on the delivery and administration of financial services so that partners can reach new markets and customers can access high value products,\u201d said Jumo\u2019s Africa Chief Executive Officer, Buhle Goslar.<\/p>\n<p>\u201cOur partnership with Airtel and Letshego Bank Tanzania has reduced the barriers to access to savings significantly and it\u2019s encouraging to see how Timiza Akiba has grown, especially in recent months,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-Tanzania: AIRTEL Tanzania has said it is committed to enhance innovation and technology, particularly through Timiza Akiba platform to advance financial inclusion for all Tanzanians. Airtel Money Director Isack Nchunda said in Dar es Salaam yesterday that Timiza Akiba enables customers to save for a purpose while curtailing luxury spending. \u201cTimiza Akiba as savings product [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":7899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[2792,1674,3504],"class_list":["post-7908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-airtel","tag-isack-nchunda","tag-timiza-akiba"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AIRTEL ENHANCES FINANCIAL INCLUSION VIA TECHNOLOGY - Tanzania<\/title>\n<meta name=\"description\" content=\"AIRTEL Tanzania has said it is committed to enhance innovation and technology, particularly through Timiza Akiba platform to advance financial inclusion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AIRTEL ENHANCES FINANCIAL INCLUSION VIA TECHNOLOGY\" \/>\n<meta property=\"og:description\" content=\"AIRTEL Tanzania has said it is committed to enhance innovation and technology, particularly through Timiza Akiba platform to advance financial inclusion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-30T20:24:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/04\/a8c96e6cedd0cec50be8df899aff4e19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"534\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AIRTEL ENHANCES FINANCIAL INCLUSION VIA TECHNOLOGY\",\"datePublished\":\"2020-04-30T20:24:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology\"},\"wordCount\":518,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/04\/a8c96e6cedd0cec50be8df899aff4e19.jpg\",\"keywords\":[\"AIRTEL\",\"Isack Nchunda\",\"Timiza Akiba\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/airtel-enhances-financial-inclusion-via-technology\",\"name\":\"AIRTEL ENHANCES FINANCIAL INCLUSION VIA TECHNOLOGY - 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