M-Pawa

Welcome to M-Pawa

This is a revolutionary banking product from CBA and Vodacom that allows you to save money through your phone,earn interest from your savings and eventually get micro loans when you need them. M-Pawa is here as a reliable friend who will give youa helping hand to move forward and see your plan through in life. With M-Pawa

Note
In compliance with the regulator, VAT wil be levied on all facility fees charged on M-Pawa loans with effect from 12/08/2017. This effectively means that on loan disbursement both Facility Fees will be deducted the loan amount

  • You will be able to open and operate a savings account on your mobile phone, via M-Pesa without having to visit the bank or fill out any forms.
  • You will save as little as Tsh 1 and earn interest on the saving balance. Interest is calculated daily and paid out at the end of each calendar quarter.
  • You will be able to move money between M-Pawa savings account and M-Pesa account at no charge.
  • There is no minimum balance on M-Pawa.
  • M-Pawa is simple, reliable and instant and convenient
  • There are no ledger fees.

If you believe that access to format banking services shouldn’t be a hassle. Then M-Pawa is for you. To know more about M-Pawa, please go through the following frequently asked questions. And for Terms and Conditions

What are requirements for M-Pawa
In order to access M-Pawa service, you need to

  • Be registered and active Vodacom customer
  • Have an active M-Pesa account
  • Have any of the following identification documents
    • Tanzania passport
    • National ID
    • Voters ID
    • Driving license
    • Company ID or Local Government letter

What are the benefits of M-Pawa?

  • It's paperless. You will open and operate a bank account without visiting the bank
  • You can save as little as Tsh. 1 and earn interest on the saving balance. Interest is calculated daily and paid out the end of each calendar quarter.
  • You will move money between M-pawa savings account and M-Pesa account at no charge.
  • There is no minimum balance on M-Pawa.
  • M-Pawa enables you to access micro loans of as minimum of Tsh. 1000 anytime and receive the loan instantly via M-Pesa account.
  • There are no ledger fees.

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