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Tanzania's NMB Bank Unveils Partnership with UnionPay International

Ola Olaoluwa
Ola Olaoluwa

NMB Bank Plc has announced an acquiring services partnership with UnionPay International that enables UnionPay cardholders worldwide to access financial services at NMB ATMs, merchant Point-of-Sales (POS) and e-commerce platforms across Tanzania. NMB Bank merchants are also enabled to accept online payments on their websites.

“UnionPay cards are recognized as a significant payment tool for the trade, tourism and culture exchanges between Africa and Asia. This cooperation between NMB Bank and UnionPay International has further extended UnionPay’s cross-border capabilities and symbolize a new era of financial transformation”, said Mr. Luping Zhang, General Manager of UnionPay International Africa Branch, “We are excited to roll out this comprehensive acceptance with NMB Bank, a market leader in Tanzania”.
At the Unveiling of the Partnership Product. Photo Credit: Paymentsafrica.com

With over 8.4 billion cards issued in 61 countries and regions globally, UnionPay serves the world’s largest cardholder base. In Africa, UnionPay is available in 50 countries, while its cards are issued locally in 11 countries.

Tanzania In Focus:

Population - 58.005 million (Compared to South Africa's 59.6 million)

GDP: $63.177 billion (Compared to South Africa's $369.85 billion)

GDP Per Capita: $1,080 (Compared to South Africa's $6,193)

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Ola Olaoluwa

Writer | Economist | Actor | Fashion Entrepreneur