Vodacom Tanzania has registered more than one million customers to its M-Pesa money transfer service since its launch in April 2008.
The service enables customers to send money anywhere in the country to any person via a mobile, regardless of the network they are registered to. Cusotmers can also pay water and electricity bills, as well as school fees.
The company said that about 90 per cent of Tanzanians do not have access to banking services in the country but that Vodafone M-Pesa has been able to broaden its reach by creating cash in and cash out points, with about 2,000 M-Pesa agents operating countrywide.
Vodacom marketing managing executive Ephraim Mafuru added that money transfers to people in rural areas where banking services are yet to reach is made possible and is safe.
“I would like to thank all Tanzanians for believing in M-Pasa services and on behalf of Vodacom I encourage more and more people to register,” he said. “It is estimated that 11 million Tanzanians solely rely on receiving money from family and friends and that most of these people tend to live in rural areas.”