Tanzania: Pre-Paid Visa Card Launched to Boost Cash-Less Transactions

Money Transfer

Regenc Innovation Solution and UBA Tanzania yesterday signed a Memorandum of Understanding (MoU) to offer pre-paid visa cards throughout Africa starting with Tanzania.

This was announced in Dar es Salaam yesterday by Regency Innovation Solutions Managing Director, Mr Mike Raymond, during a press conference to launch the Mimosa Black Card, a pre-paid visa card.

The new Prepaid Visa Card allows clients to deposit and access their funds without the need of a bank account. "We are delighted to be partnering with UBA Tanzania in this innovative expansion which begins here in Tanzania.

Our goal is to bring safe and reliable banking solutions to our clients," Mr Raymond said. The Mimosa Black Card is a modern product that is not only secure and convenient but provides access to a host of services and rewards to its clients.
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Source: Tanzania Daily News 1 June 2016