Thursday, 4 August 2016

Tigo Tanzania Show-Cases Transformative Financial Inclusion, Innovative Services at the M360 Africa GSMA Conference

Tigo Tanzania Show-Cases Transformative Financial Inclusion, Innovative Services at the M360 Africa GSMA ConferenceMillicom, of which Tigo is a subsidiary, was the Platinum Sponsor of the three-day Mobile 360 Africa international summit

Tanzania’s leading digital lifestyle company, Tigo (www.Tigo.co.tz) has outlined its strategic priorities that are meant to drive the company’s long-term social investment objectives.
 

Speaking at the just-ended Global System Mobile Association (GSMA) Mobile 360-Africa Conference held on 26th-28th July 2016 at the Julius Nyerere International Conference Centre in Tanzania’s
commercial capital City, Dar es Salaam, Tigo General Manager, Diego Gutierrez cited the telecom’s core social priorities as digital inclusion, education and  business entrepreneurship. Gutierrez was one of the
key Tigo Tanzania panelists at the conference that included Shavkat Berdiev, Tigo Tanzania Chief Commercial Officer (CCO) and Head of Mobile Financial Services, Ruan Swanepoel.
 

“At Tigo, creating positive change is part of our DNA as we bring the digital lifestyle to our customers and communities”, Gutierrez said adding: “we take our responsibilities to the communities where we work
and strive to deliver positive social impact to the people”.
 

Gutierrez explained that in the current fast-changing dynamics in the mobile telecom industry, there was a need to change the goal-posts through innovation and synergy to leverage diverse models of doing
business.
 

Giving an example of Tigo’s mobile money service, Tigo Pesa, the GM alluded to its dramatic growth, noting that currently, it has the largest network with over 50,000 merchants across the country.
 

Talking on Tigo’s contribution to driving financial inclusion in Tanzania, Gutierrez said that through Tigo Pesa, the company had given its customers access to Africa’s first universal mobile money exchange
system.
 

“Cumulatively”, he said, “Tigo Pesa users have earned Tsh. 40.7bn (US$18,397,406) in profit share since the scheme was started in 2014”.
 

The return to customers is calculated based on Tigo Pesa customers’ average daily balance stored in their mobile wallets and is in line with the Central Bank’s (Bank of Tanzania-BoT) Circular issued in
February 2014. Read more....

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