Mwalimu Commercial Bank Plc (MCB) has expanded its reach to more branches countrywide through a strategic partnership with TPB Bank Plc.
According to the MCB’s Chief Executive Officer, Mr Ronald Manongi, his bank has embarked on the strategic partnership to enable its customers enhance their business activities through having additional channels for their business operations. Mwalimu Commercial Bank partnership with TPB is in line with the bank’s vision of delivering our services to where our customers are located.
“The strategic collaboration is one of many channels that are being considered to enable the bank to implement its strategy aimed at increasing customer’s access to services and support the economic growth of the nation”, said Mr. Manongi. He further explained that the partnership will ensure that the transactions of their customers are more secure as the automation will eliminate errors originating from manual transactions.
The two banks have created a common platform that connects MCB with all TPB Bank branches covering various regions in Tanzania. Both organizations have taken necessary measures to ensure high level of security on their platforms, therefore, giving comfort to clients on the safety and confidentiality of their transactions. Mr. Manongi added that once funds are deposited at a TPB branch anywhere in the country, the amount is reflected in the receiver’s account as if the customer had actually visited the MCB branch.
On his part, TPB’s Chief Executive Officer Mr. Sabasaba Moshingi, hailed its bank’s partnership with MCB noting that his bank’s customers will also benefit from the initiative. “Some of our customers carry out business activities with MCB account holders. This initiative will, therefore, further enhance business activities amongst the two banks’ account holders.”
Moshingi also added that he was pleased with the partnership given his bank’s wide network in Tanzania. “Our bank has over 30 full-fledged branches in Tanzania. Our partnership with MCB will cover all the regions where our branches are located” said Mr. Moshingi.
The banks’ officials called upon their customers and the public to leverage on the partnership thus enhancing their business activities.
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