Selcom Tanzania Acquires Access Microfinance

Selcom Tanzania, a Pan African financial and payment technology services provider, has acquired Access Microfinance Bank to meet customer needs with innovative financial services and renamed it Selcom Microfinance Bank Tanzania. Selcom Microfinance Bank Tanzania becomes one of the first digital banks in the country, symbolizing a significant leap towards a more connected and empowered financial ecosystem.

The acquisition is expected to blend cutting-edge technology with traditional banking, promising to reshape how financial services are delivered and experienced in Tanzania. Selcom’s expertise in fintech, combined with the solid foundation of a microfinance institution, creates a unique synergy that is set to rejig the financial landscape. Selcom seeks to extend its innovate solution “Get Paid to Pay” to the digital bank customers who will be able to earn rewards and benefits simply by engaging in everyday financial activities.