Tanzanian Business Receives GSMA Mobile Money Certification

By Halima Abdi
Published May 3, 2018

A Dar es Salaam (Tanzania)-based mobile financial services provider has been certified as delivering ‘safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions’.

Tigo Tanzania’s Tigo Pesa has received the GSMA Mobile Money Certification for what is described as its promotion of ‘excellence in the provision of mobile financial services’ to its customers.

With over 690 million registered accounts globally, the mobile industry is making the world a better place, and mobile money has given millions of previously unbanked people access to financial services.

“The GSMA Mobile Money Certification is a global initiative to bring safer, more transparent, and more resilient financial services to millions of mobile money users around the world,” says a Press release issued in Dar es Salaam. “The GSMA Mobile Money Certification represents a strong proactive move on behalf of the mobile money industry, demonstrating its commitment to Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT), and to delivering quality, safe and fair services to customers and partners.”

Saying Tigo Tanzania has ‘always been at the forefront in introducing relevant innovations to the market–the first operator to create the world’s first interoperable mobile money market, the first East African cross-border mobile money transfer with currency conversion, the first telecoms company worldwide to share profit generated its Mobile Money Trust Accounts in the form of a quarterly distribution to its customers–Sayed says the GSMA certification “is a sign that our
business practices are among the best in the industry, that we are a trustworthy and responsible mobile financial service institution, and therefore an attractive candidate for collaboration with potential business partners including but not limited to banks.”