1st ATM with Currency Exchange Function was launched by NMB Bank, Tanzania

After Bank of Tanzania (BoT), the central bank, closed some bureau de change shops for failure to adhere to regulations governing the business, National Microfinance Bank (NMB Bank) launched 1st FX ATM machine, equipped with GRGBanking’s self-developed core technology, which enabled to exchanged of foreign currencies - a service soon to be made available at all major airports in Tanzania. It is an important milestone to provide reliable and efficient foreign exchange services to both Tanzanians and tourists.


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Dr Jerry Sabj, Director of Banking with the Bank of Tanzania, experienced cash foreign exchanges in 1st FX ATM deployed by NMB Bank

 

With GRGBanking’s leading solutions, NMB Bank differentiates itself with innovation in Tanzania’s banking industry. NMB Bank has gone a step further in response to the financial sector regulator’s quest by introducing the innovative solution on forex exchange business.

 

So far, GRGBanking has provided advanced Fintech solutions to banks for banking transformation. This new milestone in Tanzania strengthens GRGBanking’s influence as a leading financial solution provider. In the future, GRGBanking will participate in various industrial businesses overseas to create greater value for its global customers as an innovative solution provider.