Tanzania: Postal Bank Launches Banking Agents

THE Tanzania Postal Bank (TBP) is out to broaden the number of bankable population by introducing agents where one needs only 2,000/- to open an account.

This makes the bank the first to rollout such a service, following recently released guidelines by the central bank aimed at increasing people's access to financial services. Official records show that hardly 14 per cent of Tanzanians are currently having access to formal banking services.

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