“CRDB, NMB and Exim bank will have Visa on Mobile enabled on their banking apps to deliver the service to consumers and merchants immediately while the other 12 banks will be implementing the service on the coming weeks,” he said.
Tanzania becomes the fouth country to launch the application after Kenya, Ghana and Rwanda.
Consumers need to scan an OR code in store using their smart phones or enter a merchant number into their feature phone .
There are 30,000 merchant locations and 20,000 agents accepting Visa on mobile across the country. “Both consumers and merchants don’t need to be customers of the same bank or mobile operator because the transaction runs through the Visa network,” he said.
