Payments service provider Virtual Pay has launched its operations in Tanzania, extending its regional footprint after launching in Kenya in 2020. This comes after the Bank of Tanzania granted the firm a licence to operate in country.
The company also has a presence in Mauritius and the United Arab Emirates (UAE), operating across a range of industries. These include financial services, online retail and trading, hospitality and travel.
Virtual Pay Group chief executive David Morema says the firm’s entry into Tanzania gives it a platform to continue its growth trajectory even as it seeks a larger share of the global payments market.
On his part, Tanzania’s Information and Communication Technology Commission’s Director-General Dr Nkundwe Moses Mwasaga says the company’s entry into the country will help drive the creation of jobs and business opportunities.
The company has partnered with business agents and merchants all over the world to simplify and hasten the international payment process for their clients.