NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, April 11, 2014

TIGO has partnered with 17 major banks in Tanzania to enable its clients send and receive money through transactions between the banks and Tigo Pesa.

Launching the service in Dar es Salaam, the company announced that Tigo customers will now have round the clock ability to instantly withdraw and deposit funds via Tigo Pesa to or from their bank accounts in 17 banks, said Tigo’s Head of financial services, Mr. Andrew Hodgson.

There are currently over 3 million Tigo Pesa account holders; and, National Bank of Commerce (NBC), CRDB and Amana Bank are among the banks that Tigo has partnered with, he said.