Dar-es-Salaam, Tanzania: The National Micfrofinance Bank Plc (NMB), one of the largest banks in Tanzania and the largest bank by account holders, has signed up with eCard Solutions Ltd for the strategic implementation of Visa, MasterCard and other brand related services for its customers.
The engagement will see the introduction and conversion of NMB Plc’s proprietary card plastic to Visa EMV & MasterCard EMV branded cards whilst also creating the largest EMV ATM acceptance footprint for Visa and MasterCard in Tanzania. Making the implementation unique, NMB Plc customers will continue to enjoy each and every value added service on the new platform that they currently do on their local cards. By signing up with eCard Solutions Ltd, NMB is set to leapfrog competing services with a rapid time to market and continued innovation on the new platform.
About NMB Plc:
National Microfinance Bank Plc (NMB) is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, as well as large businesses.
It was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce, by an Act of parliament .Three new entities were created at the time, namely: NBC Holding Limited, National Bank of Commerce (1997) Limited and National Microfinance Bank Limited.
About eCard Solutions Ltd:
eCard Solutions Ltd is a Third Party Payment Processor providing a broad range of secure payment solutions. ECS provides an Ecosystem to banks and businesses that facilitates transaction acceptance over multiple channels. ECS aims to provide its customers with a state-of-the-art payment Ecosystem that helps create profitable and sustainable business models while doing this at a low cost of investment.
The ECS Ecosystem has been processing domestic and international payment transactions over various channels since 2003. Today, ECS processes millions of transactions per year with customers in multiple regions. Banks and businesses rely on the ECS Ecosystem for their daily electronic transaction processing needs.