Similar to Kenya’s M-Shwari, launched by CBA with Safaricom, M-Pawa combines CBA’s banking platform with M-Pesa’s distribution system, which have approximately 65,000 agents across Tanzania.
Customers can sign up for M-Pawa by accessing the M-Pesa menu on their phone, selecting M-Pawa and then choose between saving, withdrawing or taking out a loan.
For a subscriber to qualify for a loan, they need to have used M-Pesa for at least six months and have a saving history on M-Pawa.
Vodacom Tanzania has also integrated its M-Pesa service with 21 commercial banks in the country.
In recent news, Vodacom Tanzania has entered a partnership with provider of petroleum products fuels and furnace oils Total Tanzania.
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