Importance of mobile money for SACCOs in Tanzania
Sending and receiving money through mobile devices started in Tanzania back in 2008. Tanzania was one of Africa’s first countries (with Kenya) to launch mobile money services in Africa. With six...
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Tanzania moving toward a cashless economy
Tanzania has proven to have an appetite for digital payment, primarily through mobile. The mobile money penetration reached 53% with more than 29M mobile money subscriptions in the year 2020. The...
Wakandi Group signs MoU with MUCOBA – the oldest community bank in Tanzania
Wakandi Group has recently signed an MoU with MUCOBA Bank, the first and the oldest community bank in Tanzania, to collaborate and explore newer opportunities for better market presence. MUCOBA Bank...
Wakandi enabling financial groups to manage savings & loans effectively
Innovation in the finance sector has become more critical than ever. To bring innovation in Africa, Wakandi is moving ahead with the development of its Credit Association Management System (CAMS). A...
Wakandi onboards Kagera Microfinance as a pilot customer in Tanzania
Wakandi Group welcomes Kagera Microfinance Co. Ltd. (KMFL) to offer its innovative platform in Bukoba, Tanzania. As it happens, Kagera Microfinance aims to leverage Wakandi’s Credit Association...