FNB TANZANIA LAUNCHES POINT OF SALE (POS) DEVICES

The First National Bank Merchant Services Manager (left), Emma Kilimba displays the point of sale devices launched in Dar es salaam recently by the bank in order to enhance the use of bank cards for payments of goods and services as an alternative to cash. Looking on is the bank’s Head of Product and Electronic Channels, Silvest Arumasi (right). The launch took place in Dar es salaam recently.

The First National Bank Tanzania Marketing Manager, Blandina Mwachang’a (first left) and the Head of Product and Electronic Channels, Silvest Arumasi (right), display the point of sale devices launched by the bank in order to enhance the use of bank cards as an alternative to cash. Emma Kilimba, Merchant Services Manager (centre) displays a VISA Efficiency Award for 2016 awarded to the bank for its outstanding services to the VISA cards holders in terms of efficiency, minimizing risks and combating fraud.

Dar es Salaam, October 17th, 2016: First National Bank Tanzania has officially launched its Point of Sales (POS) devices in Dar es Salaam as a move to enhance the use of bank cards for payment of goods and services in a safe, convenient, mobile and cost-effective way, as an alternative to cash.

Silvest Arumasi, the Head of Products and Digital Banking said the bank will offer desktop POS devices which are suitable for retail, commerce and small businesses and mobile POS devices which are suitable for the hospitality industry as well as high-mobility businesses, and works wherever there is a mobile data signal.

“Any business can use our POS devices to accept card payments. Reduced risks of handling cash and fewer visits to bank branches to make cash deposits means more time spent running your business. The POS devices can either be placed permanently next to customers’ till or can be fully portable, depending on customer requirements” he said.

He said the introduction of POS devices will offer cutting edge digital banking experience to clients as the bank will also offer FNB Online Banking for FREE to view and download daily settlements and monthly merchant statements to facilitate reconciliation of accounts.

The launch of POS devices is in line with First National Bank’s aspiration to be a leader in digital banking, providing convenient, mobile and secure access to banking. It equally supports FNB’s continued focus on supporting Tanzania’s economic growth by providing seamless banking services to businesses and individuals..

Meanwhile, First National Bank Tanzania has received the VISA Efficiency Award for 2016. “We are a new player in the card payments business and this award recognises FNB Tanzania as a leader in the country in terms of highest percentage of approved VISA card transactions. This is a combination of our good customer service and efficient, reliable and resilient banking systems” said Arumasi.

The VISA Global Service Quality Performance Award program was founded in 1992 to recognise financial institutions and processors throughout the world that provide outstanding service to holders of VISA cards, retail and service outlets. Every year awards are conferred to the top card issuer banks and processors for their annual performance and achievements in efficiency, minimising risks and combating fraud.