ClickPesa
Financial Solutions
The financial services landscape in Tanzania is rapidly evolving. As more lenders, ranging from SACCOs and microfinance institutions (MFIs) to digital-first fintechs, scale their operations, the need for a reliable, secure, and flexible Loan Management System (LMS) in Tanzania has never been greater. A loan management system helps lenders automate and manage the entire lifecycle …
ClickPesa, a licensed financial technology (fintech) company, has officially launched ClickPesa MFI, a financial platform aimed Microfinance Institutions (MFIs) that helps to service small and medium-sized enterprises (SMEs) and women-owned businesses better across Tanzania. This new platform builds on ClickPesa’s commitment to bridging the financing gap and advancing financial inclusion. The company, which received its …
ClickPesa has developed a comprehensive omni-channel payments and payouts platform designed to streamline transactions across the African market. This platform provides a single point of payment, enabling merchants to accept all types of payments directly into their designated business accounts without acting as a wallet. Instead, ClickPesa integrates seamlessly with banks, Visa/Mastercard/UnionPay and Mobile Network …
Embrace Digital Transformation: A Guide for Businesses in Tanzania In today’s information-driven economy, no business can thrive without embracing digital transformation. For businesses in Tanzania, digitizing operations is crucial for staying competitive in an increasingly fast-paced and tech-savvy marketplace. Digital transformation involves integrating technology into business processes, such as using accounting software, adding e-commerce capabilities, …
Paying someone via mobile money is straightforward, most organizations have access to mobile wallets, bank accounts, or nearby mobile money agents for deposits. While making one outgoing payment is simple, managing a high volume of payments can quickly become a complex and error-prone task without an efficient system in place. ClickPesa offers a streamlined mobile …
A significant portion of a business’s cash flow is tied up in invoices, also known as accounts receivable, creating pressure on accountants or finance teams. Managing invoices and chasing late payments can be both time-consuming and costly. Digital invoicing provides a solution to reduce outstanding invoices and improve cash flow while keeping processes streamlined. Here’s …
In-app payments refer to transactions made for goods and services directly within mobile applications on devices such as smartphones or tablets. While East Africa boasts the largest mobile money market globally, many businesses in the region, including Tanzania, have been slow to leverage in-app payments as an electronic payment option. However, as consumer demand for …
Why should SMEs digitize payments within their organization? While the costs, challenges, and risks of cash transactions may not have an explicit direct line item on the profit & loss statement, they are significant. A study by the World Bank, for example, estimates that the cost of cash handling in Uganda and Tanzania can be …
Rick Groothuizen of ClickPesa outlines the status of financial digitalization in East Africa and the progress that has been made in this emerging market. This post was originally posted in the Paypers. Mobile money refers to digital cash and enables people to do digital payments. The East African region, with countries such as Tanzania, Uganda, …
