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Azania Bank introduces digital banking platform

Thursday 13 February 2025 09:34 CET | News

Tanzania-based commercial bank Azania Bank has announced the launch of its digital banking platform, aiming to offer a simplified, secure, and convenient experience for users.  

Integrating mobile, internet, agent, and WhatsApp banking, Azania Bank’s new digital banking platform intends to equip customers with an optimised and safe banking experience. Additionally, the tool focuses on facilitating financial inclusion across Tanzania, while also falling in line with the government's agenda for the region.

Azania Bank introduces digital banking platform

Augmenting banking experiences for customers

By launching the digital banking platform, Azania Bank plans to serve its customers' needs, demands, and preferences, equipping them with accessible and secure banking solutions. Commenting on the news, representatives from the bank underlined that, by welcoming technology, the financial institution centres its efforts on augmenting the user experience and contributing to the growth of the digital economy. The bank aims to support rural communities through its agent banking services while also delivering chat-based banking through WhatsApp.

Furthermore, Azania Bank highlighted its commitment to financial empowerment and inclusion for all Tanzanians. As part of its offering, the financial institution delivers bancassurance, small and medium-sized enterprise (SME) loans, mobile banking, and diaspora accounts, among others. In addition, the bank provides banking services at 25 branches in Tanzania, as well as 12 service centres, three collection centres, and six standalone Bureau De Change outlets, including forex exchange services.

Banking in Tanzania

Currently, Tanzania’s banking sector is moving towards mobile banking, with more individuals leveraging digital platforms for financial transactions. According to Statista, the banking market is projected to experience a substantial increase in net interest income, reaching nearly USD 5,091 million in 2025. However, despite the shift towards mobile banking, traditional banks are expected to dominate this segment, with a projected volume of USD 5,085 million during the same period.

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Keywords: product launch, digital banking, online banking, financial services, mobile banking, financial inclusion
Categories: Banking & Fintech
Companies: Azania Bank
Countries: Tanzania, United Republic of
This article is part of category

Banking & Fintech

Azania Bank

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