Arusha. Tanzanian businesses are set to benefit from improved cash flow, easier access to working capital and more efficient local and international transactions following the launch of the NMB SME World Business Credit Card.
Introduced by NMB Bank in partnership with Mastercard on Friday, the card is designed to help small and medium enterprises reduce reliance on cash, streamline payments and access short-term financing without lengthy loan application procedures. Speaking during the launch in Arusha, NMB Chief of Retail Banking Filbert Mponzi said the product is intended to support business continuity during cash flow constraints.
“This is not just a new card. It is a practical tool that will help businesses keep operating whenever they need short-term financial support,” he said.
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