WATU Credit firm’s smartphone financing service reaches one million beneficiaries  

DAR ES SALAAM: WATU Credit firm says it has reached more than one million Tanzanians through its affordable smartphone financing service, a milestone the company says has helped stimulate business growth and expand citizens’ participation in the digital economy.

Speaking at the 50th Dar es Salaam International Trade Fair (Sabasaba), Watu Credit Sales Manager, Emmanuel Nchinga, said the company is celebrating five years since the launch of the service while continuing to expand its footprint across Tanzania.

He said that during the past five years, Watu Credit has enabled customers from various sectors to own smartphones through affordable financing arrangements, making it easier for them to access information, use digital financial services and run their businesses more efficiently.

ALSO READ: Minister: Capital markets key to development financing

Nchinga attributed the company’s success to its nationwide network of approximately 1,993 agents operating across all regions of Tanzania, including Arusha, Mwanza, Kagera, Songwe and other areas. He said the extensive agent network has improved customer access to the company’s services while also creating employment opportunities.

He added that Watu Credit will continue bringing its services closer to communities across the country to enable more Tanzanians to own smartphones with ease. According to him, the initiative is expected to support the growth of small and medium-sized enterprises while further strengthening participation in the digital economy.

Nchinga also encouraged members of the public to visit the Watu Credit exhibition booth at the Sabasaba Trade Fair to learn more about the company’s products and services and explore the opportunities available through its smartphone financing programme.