Tanzania Commercial Bank (TCB) has taken note of the unrivalled benefits the digital transformation brings, and has upgraded its internet banking service to entirely new heights in the market.
The bank has fully integrated the digital finance solution with all national payment systems.
Its Chief Executive Officer Sabasaba Moshingi said the revolutionary development is the best in the industry and has been developed internally at no cost.
“The TCB Internet Banking solution was developed in-house at zero cost by our ICT experts and its edge over other online banking services is being fully integrated with all national payment systems,” Mr Moshingi said at its launch in Dar es Salaam.
“If we had bought its off shelf that would have cost us between 300,000 US dollars and 500,000 US dollars,” he noted highlighting its cost effectiveness since those prices translate to about 695.7m/- and almost 1.16bn/-, respectively.
According to him, the investment in the new service is part of TCB strategic plan to continue offering quality banking solutions that meet changing market demands.
Mr Moshingi said the service upgrading move also seeks to enhance the bank’s commercial clout and its competitiveness in the market.
The digital development has impressed government, which said TCB Internet Banking will add a lot of value to national payment systems.