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
- Boda Boda
- Machinga
- Local Markets
- Bajajis
- Taxis
- Bars & Pubs
- Mangi Shops
How to make Lipa Mkononi payments
- Scan the QR Code through the App of your mobile network or bank.
- Enter the amount you are paying
- Enter the password.
Lipa Mkononi – Benefits
- Safety of merchant funds and account holder funds by eliminating cash
- These form of payments automatically create Financial Discipline
- Elimination of usage of coins making handling money tedious.
- Creating visibility for businesses to show financial records.
- Shows cash flow trends for businesses adopting payments.
- Because of visibility of financial records to enable accessing loans. You can read more about Lipa Mkononi na NMB here.