NBC Partners with China Union Pay International
NBC launched a partnership with China UnionPay, which will allow UnionPay cardholders to transact at NBC ATMs and Point-of-Sale devices across the country as well as throughout the bank's network in Tanzania.
UnionPay card holders will be able to transact from the bank's network of over 220 ATMs and 165 Point-of-Sale devices through its 95 merchants across the country.
China UnionPay International has over five billion cardholders globally and is the preferred payment brand for Chinese nationals. With Tanzania projected to receive Chinese tourists in the region of 40,000 in 2017. Tanzania hosts more than 30,000 Chinese nationals, more than 650 state and privately owned organisations spread across various sectors of the economy and undertaking vast infrastructure, manufacturing, tourism, transport, agriculture and telecommunications projects. It is thus pertinent for NBC to provide financial solutions that meet the growing usage of cards. China has proven to be one Tanzania’s largest foreign investors and has helped to create over 80,000 local jobs, and train a large number of management and technical personnel for Tanzania.