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I&M Bank Tanzania Partners with Pesapal to Boost Digital Payment Solutions for Businesses

September 15, 2025
1 min read
Author: Joyce Onyeagoro

The partnership aims to support Tanzanian businesses, particularly SMEs and mid-sized enterprises, with secure, reliable, and scalable payment solutions for both in-store and online transactions. 

I&M Bank Tanzania  has announced a strategic partnership with Pesapal Tanzania,  a licensed payment service provider and digital solutions company.

Through this collaboration, I&M Bank Tanzania will strengthen its offering to Business customers by providing access to Pesapal’s Point of Sale (POS) terminals, e-commerce platforms, and mobile payment solutions on preferential terms.

The partnership aims to support Tanzanian businesses, particularly SMEs and mid-sized enterprises, with secure, reliable, and scalable payment solutions for both in-store and online transactions.

In addition to offering superior digital payment solutions, the partnership will focus on merchant training, onboarding campaigns, and digital literacy initiatives to strengthen adoption of financial services and further support Tanzania’s cashless economy agenda. Business customers will benefit from round-the-clock assistance to ensure smooth operations at all times.

This partnership marks a significant milestone in advancing financial innovation, customer experience, and financial inclusion, reaffirming I&M Bank Tanzania’s commitment to supporting businesses in unlocking their growth potential.

Together, I&M Bank Tanzania and Pesapal are driving financial innovation and advancing convenient, cashless services for business customers.

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