NMB Bank Plc
recently partnered Mastercard to launch a digital payment
platform-Mastercard QR, a cashless pay solution to the...
Mastercard QR is a
modern, secure and easy digital payment solution, which allows customers
make payment by scanning a QR code or a merchant pay number using the
USSD option on their mobile phone.
The Mastercard QR
Cashless Pay Solution will not only make payment more convenient for
bodaboda passengers, who can now use their feature or smartphones to pay
their fares, but also enable the riders to save and track their income
as payments would now be made directly into their NMB Account.
Speaking at the
launch, the Minister of State, Prime Minister's Office responsible for
Policy, Parliamentary Affairs, Labour, Employment, Youth and the
Disabled-Jenista Mhagama said the bank's move will help to formalize the
bodaboda business that forms the major source of income to the youth.
"What you are doing
today, has the government's go-ahead as it will help especially the
youth to take their job seriously and develop themselves, while making a
positive contribution to the country's economy," said the minister.
On his part, NMB
Bank's Acting Managing Director- Filbert Mponzi said the move aims at
helping the boda-boda riders to enjoy banking services, besides
enhancing safety of their money as well as their own security.
The service will
first be launched in Dar es Salaam and then rolled out in Mwanza,
Arusha, Ruvuma, Dodoma and Mbeya in the coming weeks, before spreading
to all parts of the country.
This payment
solution, Mastercard QR, will assist the bodaboda riders to grow in
their business and reduce costs and risks of handling cash.
It will also allow bodaboda riders to be in complete control of their payments, and increase efficiencies in payment.
For NMB,
digitisation of Bodaboda payments is a key component of NMB's drive to
enhance financial inclusion among the communities and customers.
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