DAR-ES-SALAAM-- Tanzania's NMB Bank has been named the country's best bank by London-based finance and business monthly magazine Euromoney in its 2018 awards for excellence for a sixth year in a row for its financial inclusion initiatives and digital banking services.
According to a statement from NMB, the award was made by Euromoney based on NMB's "outstanding performance in the market through financial inclusion initiatives and the bank's digital banking services transformation".
The journey to becoming the best bank in Tanzania is as much about providing financial education, transforming financial behaviour and expanding the opportunities for people to use financial services. That's exactly what NMB Bank has done, the statement quoted Euromoney as citing.
Their investment in technology solutions has enabled them to better address customer needs through products such as mobile banking, card solutions, light KYC products and Agency Banking. This is unmatched in their sphere of influence.
The statement said NMB was hailed for its commitment towards solving the challenge of Tanzania's unbanked population through a combination of continuous investment in digital banking, innovation and the ability to provide payment and collection solutions for key players such as the government.
Source: NAM NEWS NETWORK