I\&M Bank Tanzania has entered into a strategic partnership with Pesapal Tanzania, a licensed payment service provider and digital solutions company, in a move set to transform digital payment experiences for businesses across the country. This collaboration positions I\&M Bank Tanzania to enhance its service offering by granting Business customers access to Pesapal’s suite of payment solutions, including Point of Sale (POS) terminals, e-commerce platforms, and mobile payment services, all on preferential terms.
The partnership is designed to support Tanzanian businesses, particularly SMEs and mid-sized enterprises, by equipping them with secure, reliable, and scalable payment solutions. With businesses increasingly seeking seamless ways to accept and process both in-store and online transactions, this initiative comes at a crucial time when digital transformation is driving competitiveness across industries.
Beyond enabling access to superior digital payment solutions, the partnership also places emphasis on capacity-building. Merchant training programs, onboarding campaigns, and digital literacy initiatives will form a key part of the rollout, ensuring that businesses can fully leverage the tools and technology at their disposal. These efforts are expected to accelerate the adoption of financial services and contribute significantly to Tanzania’s national agenda of advancing a cashless economy.
Business customers will further benefit from round-the-clock assistance, guaranteeing smooth operations and minimal disruptions to their day-to-day activities. This commitment to continuous support reflects both I\&M Bank Tanzania’s and Pesapal’s shared focus on delivering value, convenience, and operational efficiency to business clients navigating an increasingly digital marketplace.
This collaboration marks an important milestone in advancing financial innovation and inclusion in Tanzania. By combining I\&M Bank Tanzania’s established banking expertise with Pesapal’s innovative digital solutions, the partnership creates a powerful platform for driving financial access, boosting customer experience, and unlocking growth opportunities for enterprises of all sizes.
Together, I\&M Bank Tanzania and Pesapal are spearheading the transition towards a more inclusive, innovative, and cashless financial ecosystem. This partnership reflects a clear commitment to empowering businesses, accelerating digital transformation, and contributing to the broader vision of building a modern, connected, and competitive Tanzanian economy.
