A blog that gives out financial institutions news on time with accurate informations.

Monday, February 26, 2018

Barclays offers a Corporate payroll solution through its new Prepaid Card

Barclays Bank Tanzania Product Development Manager-Retail and Business Banking, Erica Mwaipopo (right) and bank’s Marketing and Corporate Relations Executive, Nasikiwa Berya, displays a dummy of the just launched BBT prepaid card at a  function in Dar es Salaam

26 February, 2018, Dar es Salaam – Barclays Bank Tanzania Limited customers receives a new card payment solution.
Barclays Corporate clients can now eliminate the hassle of making cash payments to their employees through the Barclays Prepaid Card Corporate payroll solution.  

Speaking during the announcement, the Barclays Product Development Manager– Retail and Business Banking, Erica Mwaipopo said “This new product will enable employers to pay their employees (who don’t even need a bank account) their salaries/wages, expenses and allowances. Furthermore, the card can be used like a normal Visa debit card allowing the employees to use it to pay for shopping, meals and hotel stays, or to withdraw cash from ATMs”.  
In recent years, Barclays was awarded the VISA Agile Award which recognizes the best acquiring bank in Tanzania. The award showcases the bank’s commitment to providing card payment solutions for all Tanzanian’s.

Also in attendance, was the Barclays Senior Account Manager-Barclaycard Acquiring, John Mcharo who said “We are very excited about this new product, we believe in providing our customers with solutions which will truly transform their way of doing business. This new card will allow employers to handle less cash, reduce the use of cheques as a payment solution and provide full control over payments”.  

The Barclays Prepaid Card is an agile solution that allows corporates and government to issue preloaded cards to recipients as part of a programme where control of cash is vital. 

For further information please contact:
Aron Luhanga
Head, Marketing & Corporate Relations
Barclays Bank Tanzania
+255 22 228 2018
Notes to Editors:
About Barclays Bank Tanzania
Barclays Bank Tanzania has been operating in Tanzania for the past 10 years and currently boasts a network of 15 branches, 55 ATMs strategically located countrywide.
Barclays Bank Tanzania Limited first opened its doors in Tanzania in 1925 and continued to operate in the country until 1967 when its Tanzania operations were nationalized to become National Bank of Commerce. With the liberalization of the economy in 1990s, Barclays Bank Plc made a decision to re-enter the Tanzania market and re-opened its doors in the year 2000. Barclays Bank Tanzania now has 17 branches, 51 ATMs strategically located countrywide, over 400 employees and over 110,000 customers.
About Barclays Africa Group
Barclays Africa Group Limited (“Barclays Africa” or “the Group”) is listed on the Johannesburg Stock Exchange and is one of Africa’s largest financial services groups.  Barclays Africa is 23.4% owned by Barclays Bank PLC (“Barclays PLC”).
Barclays Africa is a fully local, fully regional world-class bank, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management and insurance.
The Group operates in 12 countries with approximately 40 thousand employees, serving close to 12 million customers.
 The Group’s registered head office is in Johannesburg, South Africa and owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Barclays Bank Tanzania and National Bank of Commerce), Uganda and Zambia.  The Group also has representative offices in Namibia and Nigeria.
For further information about Barclays Africa, please visit www.barclaysafrica.com


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