The NMB Bank has today launched the first ever money transfer service that will see customers registered with NMB mobile transfer money from their NMB account to other banks at the comfort of their finger prints.

To transfer up to TZS 3,000,000/- customers will need not walk into the banking halls any more; rather they can transfer through NMB Bank mobile anywhere and provide the convenience that a customer needs.

Launching the money transfer service into the market, the NMB Bank’s Value Added Service Manager, Stephen Adili, said the mobile Interbank Settlement System adds more options to NMB Bank customers while maintaining the convenience and comfort of customers.

Previously, customers could transfer money from their NMB Bank accounts to other banks by either physically visiting branches or through internet banking. In both cases the process took up to two hours for the transaction to mature.

 “The new mobile system of transaction is timely as recipient gets money instantly.” said Stephen Adili the NMB Bank Acting Senior Manager Retail Liability, Insurance and Value Added Services.

Mr Adili added that “Being the first bank in the market, we expect a positive reaction from our customers who will no longer incur some transport and time expenses on transferring money from their NMB Bank accounts to other banks accounts.”