NCBA Now App Launches In Tanzania

NCBA Group has unveiled its innovative mobile banking application, NCBA Now, in Tanzania in a bid to enhance digital banking penetration and offer a better overall experience for its customers.

The NCBA Now app offers real-time account monitoring and card management, service requests and customizable alerts, fund transfer options, bill payments, and instant mobile wallet transactions, providing a seamless banking experience.

Speaking during the unveiling of the NCBA Now App in Tanzania, the NCBA Group Managing Director John Gachora, said, “The new NCBA Now App we are unveiling today, is a testament to our continued pursuit of innovation and good customer experience. As a digitally-led financial institution, we want to play a big role in enhancing financial inclusion across our markets in the East African region through innovative financial solutions that cater to the market needs and also produce products that address the challenges our customers are facing.”

The app can be accessed through the App Store or Google Play Store, enabling customers to seamlessly manage their bank accounts from the palm of their hands.

The bank will within the year roll out the NCBA Now app in its other regional markets including Uganda, Rwanda, and Ivory Coast. further entrenching the digital banking penetration across East Africa and beyond.

During the launch, NCBA Tanzania also announced their 2023 full-year financial results ending December 31st, with a strong performance of profit after tax of TZS 20,164 million, representing a remarkable 157% growth rate. The bank also posted growth in customer deposits by 91.5%to TZS 262,582 million. Total assets grew by 14.5% to TZS 515,503 million.

During the period, the bank disbursed over Tsh 100B worth of loans through M-Pawa, generating Tsh 25B worth of Revenues

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