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Tanzania-Pensions fund for Vodafone M-Pesa services

VODACOM Tanzania has reached an agreement with Government Employees Pension Fund (GEPF) enabling members of the fund to make contributions through Vodafone M-Pesa services.

Vodacom Head of Department: M-Pesa Sales Franklin Bagalla said that any registered Vodacom subscriber can now contribute to the fund through M-Pesa.

"Vodacom is known to be a caring brand and this is just part of the company's endeavor to ease services to the public and play its part in the country's development", he said.
                                                                    GEPF has introduced a new scheme dubbed Voluntary Savings Retirement Scheme (VSRS) which enables a majority of Tanzanians who make their living from either the formal or informal sector to have meaningful savings well into old age.

He said that VSRS members will follow normal M-Pesa payment procedures to a business number 700200 which will be followed by a membership number to be provided by GEPF, noting that Vodacom will continue to work closely with other institutions to ensure money transfers are easy, affordable, reliable and safe.

The Managing Director of GEPF, Daud Msangi commended Vodacom for introducing meaningful services such as M-Pesa that has since made transactions easier.

"Through M- PESA, contributors to our fund can now easily send their contributions without any charges to either party (sender or receiver)", he said.

He said that all the contributions will be remitted straight to the contributors' acoounts, noting that the fund, the M-Pesa will now be better positioned to serve small scale entrepreneurs and businesspeople.

Vodafone M-Pesa is a service introduced by Vodacom in Tanzania which enables customers to send money anywhere in the country to any person using a mobile phone.

The service was introduced in the country in April 2008 and Vodacom has since reached throughout the country by creating cash in and cash out points.

Vodafone M-Pesa subscribers can pay water and electricity bills, Dstv subscription fees, tuitions fees, wedding and other contributions just to name a few.

By Vodacom.

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