DAR ES SALAAM: Tanzania Commercial Bank (TCB) has launched “LIPA POPOTE,” an innovative payment solution designed to streamline transactions for small and medium enterprises (SMEs) and business owners.
The payment gateway allows TCB customers to receive payments directly into their respective bank accounts through a single merchant number, branded “LIPA POPOTE.”
Describing the newly launched service, TCB’s Chief Digital and Innovations Officer, Mr. Jesse Jackson, said that through LIPA POPOTE, account holders can conveniently pay for goods and services using this unique merchant Till Number, making transactions easier than ever before.
“TCB is committed to fostering innovation that positively impacts the livelihoods of Tanzanians. LIPA POPOTE demonstrates our dedication to supporting SMEs by providing a streamlined payment solution that’s both efficient and secure,” said Jackson. “This solution is more than just a payment tool; it’s a step toward economic empowerment for businesses across the country, from urban centers to rural communities. Our vision is to make financial services accessible, secure, and affordable for everyone.”
On her part, the Director of Retail and SME Banking at TCB, Ms. Lillian Mtali, stated that by embracing digital payment solutions like LIPA POPOTE, the bank advances its financial inclusion goals to benefit businesses, individuals, and underserved communities alike.
“This payment tool is expected to transform the way small businesses operate, allowing them to transact seamlessly and focus on growth,” Ms. Mtali said.
According to TCB CEO Adam Mihayo, as digital transformation reshapes the country’s economy by empowering MSMEs, TCB aims to be at the forefront of providing innovative banking solutions that drive financial inclusion. He said, “LIPA POPOTE aligns with our core values of empowerment and accessibility, enabling all Tanzanians to experience the benefits of modern banking.”
LIPA POPOTE is designed to address the evolving needs of SMEs in the country, which form a critical backbone of Tanzania’s economy. This payment solution aims to simplify payment processes for business owners, enabling them to receive payments instantly and securely.
