Zantel was the first mobile company in Tanzania to launch mobile banking services three years ago and has spread throughout the country.
Zantel Chief Executive, Noel Herrity said that the new rebranded ZPesa service with additional services will enable Zantel subscribers in Zanzibar to pay for various utility bills. Some of the utilities which have partnered with Zantel are electricity, water, DSTV and cable TV, and the purchase of airtime. This is in addition to the sending and receiving of money.
He said that the company is constantly enhancing the ZPesa service by signing agreements with other service providers that deliver value in order to enable Zantel customers pay bills and do other payments via their mobile phones..
He reiterated the importance of bringing banking services closer to the reach of majority of the population who are unbanked but have access to mobile phones.
"We are known for being an innovative brand that is always striving to enable Tanzanians to access affordable means of communication and in this case quick and reliable banking services to all our subscribers especially those that do not have access to banking services," said Mr. Herrity.
The ZPesa relaunch exercise has also been integrated with the SIM card registration exercise to enable more Zantel subscribers to register their numbers before the end of June deadline.
Zantel subscribers who register for ZPesa services will have automatically registered their numbers and are entitled to receive bonuses which they can redeem either as cash or as airtime at any ZPesa cash points and outlets, he said. He said that the redeemable amount in cash is 300Sh or 1,000 Sh worth of airtime.
According to Zantel Chief Commercial Officer Norman Moyo Zantel has engaged a lot of businesses, organizations and societies in Zanzibar and across the country who have membership in different parts of the country to be ZPesa vendors and agents.
"Zantel is empowering local businesses to get productive through appointing and equipping them to work as vendors or agents and in turn increase their income and allow them to expand their services to untapped areas," he said.