Welcome to M-PawaThis is a revolutionary banking product from Commercial Bank of Africa (CBA) and Vodacom that allows you to save money through your phone, earn interest from your savings and eventually get micro loans when you need them. M-Pawa is here as a reliable friend who will give you a helping hand to move forward and see your plan through in life. With M-Pawa you will be able to open and operate a savings account on your mobile phone, via M-Pesa without having to visit the bank or fill out any forms.
- You will save as little as TZS 1 and earn interest on the savings balance. Interest is calculated daily and paid out at the end of each calendar quarter.
- M-Pawa enables you to access micro loans from a minimum of TZS 1,000 anytime and receive the loan instantly via your M-Pesa account.
- You will be able to move money between your M-Pawa saving account and M-Pesa account free of charge.
- There is no minimum balance on M-Pawa.
- M-Pawa is simple, reliable, instant and convenient.
- There are no ledger fees.
If you believe that access to formal banking services shouldn't be a hassle, then M-Pawa is for you.
What are the requirements for accessing the M-Pawa service?
In order to access the M-Pawa service, you need to;
- Be a registered and active Vodacom Tanzania customer.
- Have an active M-Pesa account.
- Have any of the following identification documents :- Tanzanian passport, National ID, Voters ID, Driving license, Company ID or Local Government letter.
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