VODACOM EMPOWERS DSE BY INCLUDING DSE MINI APP ON M-PESA SUPER APP

The Director of M-Pesa at Vodacom Plc, Epimack Mbeteni (fourth from the left), shakes hands with the Chief Executive Officer of the Dar es Salaam Stock Exchange (DSE), Peter Nalitolela, after partnering to launch the DSE Mini App on the M-Pesa Super App recently in Dar es Salaam. This DSE Mini App allows investors to open investment accounts, buy, and sell shares easily and securely using their mobile phones.

Dar es Salaam, 5 October 2024 – Vodacom Tanzania Plc has announced an exciting new partnership with the Dar es Salaam Stock Exchange (DSE), introducing the DSE Mini App on its M-Pesa Super App. This groundbreaking collaboration is set to revolutionize access to capital markets in Tanzania by empowering investors to buy, sell and manage stocks and other securities seamlessly via their mobile phones. The DSE Mini App offers an innovative and accessible way for Tanzanians to participate in the financial markets, further promoting financial inclusion and empowerment.

The DSE Mini App, integrated into the M-Pesa Super App, allows users to open investor accounts, buy and sell shares directly on the Dar es Salaam Stock Exchange, access real-time market insights, and receive advisory services from brokers. The app also provides full visibility of the user's investment portfolio and 24/7 access to Vodacom’s customer support. It further represents a milestone in the digital transformation of Tanzania’s capital markets. This partnership demonstrates how technology can bridge gaps, making financial markets more inclusive, transparent and accessible to all Tanzanians.

Speaking during the launch event, Epimack Mbeteni, M-Pesa Director at Vodacom Tanzania Plc said, "With the integration of the DSE Mini App into the M-Pesa Super App, we are making the capital markets more accessible to all Tanzanians. This partnership aligns with our goal of expanding financial inclusion by providing innovative digital solutions that empower our customers to easily invest, save and grow their wealth. The ability to access the stock market from a mobile phone is a game-changer for millions of people who may have previously been excluded from participating in this sector.”

The DSE Mini App offers investors key features, such as the ability to open an investor account, buy and sell shares, access information on listed companies and gain real-time insights into market movements. This partnership provides a one-stop platform for Tanzanians to engage in capital market activities conveniently and securely.

On his part, The CEO of the Dar es salaam Stock Exchange, Peter Nalitolela said, “This partnership between Vodacom M-Pesa and the Dar es Salaam Stock Exchange (DSE) is evidence of the unwavering commitment to financial inclusion by both institutions. The DSE is looking to use the DSE Mini App on the M-Pesa platform to reach out to more Tanzanian investors and give them convenient access to investing on the stock exchange; buy and sell stocks and other securities at the comfort of their home as they look to build a more prosperous future for themselves and their loved ones”.

The partnership between Vodacom and DSE do not only aims at providing access to Tanzania’s capital markets but also at increasing awareness and engagement with the stock exchange. The DSE Mini App simplifies the process of investing and provides users with the tools they need in order to make informed decisions.