UAE Exchange Rebrands as Unimoni in Tanzania

Unimoni Tanzania Team at the launch (Photo: AETOSWire)

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UAE Exchange, a leading financial services brand in Tanzania and a Finablr company, announced the rebranding of its operation as “Unimoni”. The new brand will drive the group’s agenda of facilitating seamless movement of money through a broad spectrum of innovative financial services aimed at enabling customers to fulfil their financial aspirations.

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The rebranding in Tanzania, in line with Unimoni’s Africa growth strategy announced in July 2018, reflects the company’s aspirations to strengthen its presence and provide a broader spectrum of innovative financial services to its customers. Markets including Kenya, Botswana, Rwanda, Seychelles, Uganda, and Zambia has already been rebranded as Unimoni.

Pradeep Kumar, Chief Executive Officer, Unimoni & UAE Exchange,said, “With strong smartphone and mobile internet penetration, along with the greenfield potential that it holds, Africa as a region occupies a key position in the growth plans of Unimoni. The launch of Unimoni in Tanzania will further boost our efforts towards creating seamless and connected financial service experiences for our customers in the continent. Our global strategy revolves around promoting sustainable development and inclusive growth in all markets where we operate by developing services and products designed around the needs of our customers. While we continue to expand our network presence in Tanzania, we will also work towards strengthening our digital capabilities.”

Allen Semboze, Regional Head, Unimoni Africa, said, “With respect to our growth strategy for Africa, Tanzania is an important market for us. Just like in other African markets, we are working on developing innovative technology-led products and collaborating with ecosystem partners to offer more value to our customers.”

Unimoni currently offers money transfer, foreign currency exchange, bill payments and other value-added services in Tanzania.

Riyaz Naghoor, Country Head, Unimoni Tanzania, said, “We are excited to unveil the Unimoni brand in Tanzania. Over the years, through our efficient and customer-centric services, we have built a strong reputation and presence in Tanzania. With the new brand, we aim to build on our capabilities and expand both in terms of network presence and services in the country. We have immediate plans to open five new branches in the country, three in Dar es salaam and two in Arusha and have secured the necessary clearances from the Central Bank.”

Unimoni is part of Finablr, a global platform for Payments and Foreign Exchange solutions. With deep regulatory know-how, technology expertise and industry leading partnerships, Finablr companies provide a broad array of tailored and trusted financial solutions for consumers and businesses. With a global reach spanning 170+ countries, Finablr companies processed over 150 million transactions in 2018, managing nearly USD 115 billion for customers.