Dar es Salaam. The Dar es Salaam-based Mwalimu Commercial Bank Plc (MCB) has extended its reach to more parts of the country, doing so through a strategic partnership with TPB Bank Plc (TPB).
MCB chief executive officer Ronald Manongi said in Dar es Salaam yesterday that the bank had embarked on a strategic partnership scheme to enable its customers to enhance their business operations through having additional channels for ordinary business activities. The MCB/TPB partnership “is in line with our (MCB) bank’s vision of delivering services to where our customers are located,” Mr Manongi said, adding that “the strategic collaboration is one of many channels that are being considered to enable the bank to implement its strategy aimed at increasing customers’ access to services – and also support the economic growth of the nation.”
The partnership will also ensure customers’ transactions are more secure as automation will eliminate errors originating from manual transactions.
To elaborate, the two banks have created a common platform that connects MCB with all TPB Bank branches across Tanzania. In the event, both facilities have taken all measures needed to ensure a high level of security on their platforms, thereby giving comfort to customers on the safety and confidentiality of their transactions.
For example, Mr Manongi said, when funds were deposited in a TPB account anywhere in the country, the amount was just as soon reflected in the appropriate account as if the customer had actually called at the MCB branch in person. For his part, TPB chief executive officer Sabasaba Moshingi hailed the partnership, averring that his bank’s customers would also benefit from the arrangements.
“Some of our customers carry out their business activities with MCB account holders. This initiative will, therefore, further enhance business activities among account holders of the two banks,” the TPB CEO stated.
‘Confessing’ that he was pleased with the partnership, Moshingi noted that his bank already has a wide operational network across the land.
“Our bank has over 30 full-fledged branches in Tanzania,” he said, adding that “our partnership with MCB will cover all the regions where our branches are located.”
At the end of the day, the two banks’ officials together called upon their customers in particular, and the general public at large, to leverage on the partnership so as to enhance their business activities.