Tanzania’s Leading Commercial Bank, CRDB Bank Plc is China Union Pay's best issuer in Africa. China Union Pay is China's payments service for secured transactions. The system allows payments through a network of ATMs, Point of Sell terminals and online shopping at any merchant that accepts Union Pay, worldwide.
Acknowledging the recognition in Dar es Salaam, CRDB Bank CEO Abdulmajid Nsekela says the bank is aggressively pursuing unique business opportunities presented by technological solutions such as China Union Pay. “We are committed to offering reliable solutions to our customers using our TemboCard-China Union Pay Cards to empower Tanzanians doing business in China,” Mr. Nsekela says.
The CEO has also announced plans to increase the limits available to Tanzanian Traders withdrawing money from the China Union Pay platform, saying the current limits have proven to be a challenge. "We have had complaints from our clients regarding the withdrawal limits, which hinders large business transactions. We have discussed at length on the best solution, and we will soon provide a permanent solution,” the CEO says.
China Union Pay International CEO Cai Jianbo, who presented the Recognition Certificate to CRDB Bank acknowledged CRDB Bank’s support to the payments company. Mr. Jainbo expressed his satisfaction on how CRDB Bank is leveraging the bilateral ties to facilitate trade and empower businesses. “It is encouraging to learn that in such a short period, CRDB Bank has managed to issue more than 100,000 Union Pay cards, a number that is highest in the whole of Africa.
We are determined to empower CRDB Bank to build robust digital banking solutions” Mr. Jainbo says. China Union Pay is the largest card issuance Company in the world with more than 3.5 billion subscribers. UnionPay services are available at over 23 million businesses and 1.64 million ATMs in 168 other countries and regions.
In 2013 the company collaborated with CRDB Bank to offer the first co-branded payment debit card dubbed “TemboCard-China Union Pay." CRDB Bank also has a special business channel known as "China desk" that is specifically designed to facilitate banking transactions between Tanzania and China.
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