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Completion of NMB's Transition to New Banking System

Latest Tanzania finance news · Completion of NMB's Transition to New Banking System explained · updated Aug 20, 2026 · economy news · GDP · investment

TLDR

  • NMB Bank has completed the transition to a new core banking system aimed at enhancing transaction processing capacity and improving data security.
  • The transition process took over two years and involved testing, technology verification, and risk assessments.
  • The final phase of customer data migration began on July 31, 2026.
  • The new system integrates accounts, transactions, loans, branches, agents, ATMs, NMB Mobile, and other banking services.
  • NMB currently operates over 250 branches, more than 80,000 agents, over 700 ATMs, and has more than 130,000 QR codes for payment acceptance.

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