EXIM BANK TANZANIA INTRODUCES "FAIDA EMV DEBIT CARD" FOR SAFE AND MORE SECURE TRANSACTIONS

Exim Bank Head of Risk and Compliance, David Lusala (right), speaks during a press conference to introduce the Faida EMV Debit Card, which will replace the existing Magnetic Stripe Faida Debit Card, in Dar es Salaam yesterday. He is flanked by the bank’s Head of Treasury, George Shumbusho.  Faida EMV Debit Card provides enhanced security through an embedded chip that processes the customer’s data with unparallel security hence making it virtually impossible to copy or tamper with such data.

Exim Bank Head of Treasury, George Shumbusho (left), speaks during a press conference to introduce the Faida EMV Debit Card, which will replace the existing Magnetic Stripe Faida Debit Card, in Dar es Salaam yesterday. He is flanked by the bank’s Head of Risk and Compliance, David Lusala.  The Faida EMV Debit Card provides enhanced security through an embedded chip that processes the customer’s data with unparallel security and hence making it virtually impossible to copy or tamper with such data.

Exim Bank Head of Treasury, George Shumbusho cuts a ribbon to symbolise the official launch of the Faida EMV Debit Card during a press conference to introduce the card, which will replace the existing Magnetic Stripe Faida Debit Card, in Dar es Salaam yesterday. He is flanked by the bank’s Head of Risk and Compliance, David Lusala (right) and the bank’s marketing officer Noel Tuga. The Faida EMV Debit Card provides enhanced security through an embedded chip that processes the customer’s data with unparallel security and hence making it virtually impossible to copy or tamper with such data.

In an effort to make banking services more secure and convenient to its customers, Exim Bank Tanzania has introduced the Faida EMV Debit Card to replace the existing Magnetic Stripe Faida Debit Card.

The Faida EMV Debit Card provides enhanced security through an embedded chip that processes the customer’s data with unparallel security and hence making it virtually impossible to copy or tamper. This will enable the bank’s customers to make their daily business transactions in a safe and secured manner.

Speaking during the press conference in Dar es Salaam yesterday, Exim Bank Head of Treasury, George Shumbusho, said the new card provides an enhanced security through embedded chip and additional PIN verification.

“At Exim Bank we understand our customers need for safer and more secured transactions. With Exim Bank Faida EMV debit card a customer can rest assured that his/her card transactions are safe and completely secure,” said Shumbusho.

He further mentioned that the Faida EMV debit card allows a customer to access his/her account and perform transactions from any MasterCard certified ATMs and POS machines globally.

“Exim Bank believes that ‘Innovation is Life’, therefore we will keep innovating new technologies that go in-line with the technological advancement into today’s world to address the issues and challenges related to cyber security.

“We hope our customers will have a wonderful experience with their Faida EMV Debit card,” he added.