Expansion of Mshiko Fasta through NMB Mkononi

TLDR

• NMB Bank has completed a major transformation of its core banking technology, migrating to a new-generation platform.
• The migration is described as the largest technology investment in the bank's history, aimed at supporting faster and more personalized banking.
• NMB's previous core banking system was introduced in 2011, when the bank had about 1.8 million customers and assets of roughly TZS2 trillion.
• Currently, NMB has over 10 million customer accounts and assets exceeding TZS18 trillion, with a target of more than 20 million accounts by 2030.
• The expansion of Mshiko Fasta through NMB Mkononi allows eligible individual customers to access up to TZS2 million and qualifying small and medium-sized businesses up to TZS5 million digitally.