Dar es Salaam — UBA Bank Tanzania customers can now make payments to over 600 government agencies, thanks to the lender's integration into the Government e-Payment Gateway (GePG).
The system allows the bank's customers to make tax and non-tax payments required by the government.
"It has always been our aspiration to support government initiatives of which efficient means of revenue collection through the unique digital expertise of the bank is a key component.
"We are glad and grateful to TRA (Tanzania Revenue Authority) and the ministry of Finance for offering us this opportunity of serving the nation," said the UBA head of public sector, Mr Dominick Timothy.
The GePG was adopted in 2016 in a deliberate move by the government to improve revenue collections across its institutions, ministries, departments and agencies.
The initiative has effectively plugged revenue leakages that used to cause a massive loss of the government's revenues.
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Last year, UBA Tanzania became one of the two commercial banks in the country that provided the Bank Guarantees on behalf of the JV of Arab Contractors and Elsewedy Electric of Egypt for the construction of the $2.95 billion Nyerere Hydroelectric Power Project at Rufiji.