Lipa Mkononi NMB

Lipa Mkononi NMB Bank, is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator. 

Lipa Mkononi NMB

Simply it’s a reliable mobile payment solution contained a QR code which stores merchant information to receive payment through scanning or a LIPA number for normal feature phones. This was designed for small business due to its affordability in terms of the cost of investment.

Issued instantly under very minimal requirements like a NIDA ID.

Targeted Segments

1. Boda Boda
2. Machinga
3. Local Markets
4. Bajajis
5. Taxis
6. Bars & Pubs
7. Mangi Shops

How to make Lipa Mkononi payments

1. Scan the QR Code through the App of your mobile network or bank.
2. Enter the amount you are paying
3. Enter the password.

Lipa Mkononi – Benefits

1. Safety of merchant funds and account holder funds by eliminating cash
2. These form of payments automatically create Financial Discipline
3. Elimination of usage of coins making handling money tedious.
4. Creating visibility for businesses to show financial records.
5. Shows cash flow trends for businesses adopting payments.
6. Because of visibility of financial records to enable accessing loans. You can read more about Lipa Mkononi na NMB here.