CRDB set to improve its sim banking

 

Former Prime Minister Frederick Sumaye, who is CRDB board member, congratulates Lawrence Mafuru. The latter was elected bank’s independent board member during the entity’s Annual General Meeting in Arusha at the weekend. Photo | Filbert Rweyemamu

 

By  Felix Lazaro ,The Citizen Reporter

In Summary

“This way, we will be providing our customers with an easy, hassle-free and convenient way to pay their electricity, water and pay television bills as well as buy airtime,” he said.

Dar es Salaam. CRDB Bank is improving its Sim banking service to make it more efficient and secure to effectively defeat growing cyber threats.

 

An improved Sim banking will also accommodate new features that would give customers the convenience in performing more transactions from any location in the world, according to the bank’s managing director, Dr Charles Kimei.

“The improvements seek to create an easy and less cost accessibility of banking services to our customers. We are incorporating our services with the fast changing mobile money technology which is the future of the banking sector,” Dr Kimei told journalists in Dar es Salaam at the weekend.

According to the CRDB manager for electronic banking, Mr Mangire Kibanda, under the simplified Sim banking system, customers will now be able to register with the service on their own without visiting any of the bank’s branches.

“This way, we will be providing our customers with an easy, hassle-free and convenient way to pay their electricity, water and pay television bills as well as buy airtime,” he said.

Some of the companies incorporated into the Sim banking include Dawasco, Moruwasa and Startimes.

They can also make money transactions via Vodacom’s M-Pesa and Tigo’s Tigopesa.

The CRDB director of risks and compliance, Mr James Mabura, cautioned customers against disclosing their bank account particulars to people or hackers, who present themselves as CRDB staff having an a motive to steal their money.