The bankbone of
your business
Selcom Business is a digital banking product from Selcom Microfinance Bank that helps businesses accept payments, manage cash flow and automate operational transactions. It serves as an all-in-one PC/tablet financial dashboard and merchant aggregator for small and medium enterprises (SMEs) to large corporations. Amongst other features, Selcom Business has three flat-fee bundles, real-time spend tracking, one-click payroll and full REST API access at no extra charge.
Tanzanian small businesses are underserved by conventional banking: slow onboarding, collateral-heavy lending and tools built for corporates…
…Selcom Business is built the other way round, around how a shop, distributor or service business actually trades.
01 Collect
Accept payment by card, QR, till number, USSD and bank transfer, with settlement into the account of your choice and real-time notification into your ERP or accounting system.
02 Payout
Bulk salary, supplier and agent payments to any bank or wallet in the country, with approval workflows and full audit trail.
03 Grow
Working capital and distributor finance assessed on trading history, including closed-loop credit facilities for fuel stations and dealer networks.
Built on the network we already run
A business joining Selcom Business plugs straight into the merchant, agent and banking infrastructure Selcom has operated for two decades, no new integrations, no new hardware, no waiting.
First of its kind in Tanzania
Business transaction bundles
Save time and money. Why pay for every transaction when you can bundle them? With Selcom Business Transaction Bundles, you enjoy multiple transactions for one affordable fee, giving you more value and greater control over your everyday business banking.
TZS 49,000
Transaction charges
TZS 1,000 to 20,000,000 TZS 250
TZS 20,000,001 to 50,000,000 TZS 4,000
TZS 50,000,001 onwards TZS 8,000
TZS 99,000
Transaction charges
TZS 1,000 to 20,000,000 TZS 150
TZS 20,000,001 to 50,000,000 TZS 2,500
TZS 50,000,001 onwards TZS 5,000
TZS 199,000
Transaction charges
TZS 1,000 to 20,000,000 TZS 100
TZS 20,000,001 to 50,000,000 TZS 1,500
TZS 50,000,001 onwards TZS 3,000
Build with Selcom Business
Self-service bank APIs. Integrating with a Tanzanian bank or mobile wallet has meant an NDA, a partnership agreement, an integration fee, and a go-live date that slips a quarter. Selcom Business issues credentials from the dashboard. Businesses set their own IP whitelists, callbacks and liquidity, at no access charge, over REST endpoints for accounts, payouts, transfers and lipa number collections.
Pay and get paid
Make bill payments for your business and accept digital payments from your clients.
Painless payroll payments
Operational visibility. Bulk payroll, disbursements, petty cash in three steps (upload, approve, done), real-time spend tracking with digital receipts, and multi-user roles - view-only for the accountant, approval with the owner.
Team work. Dream work.
Our multi-user functionality enables you to work faster with shared access and clear roles.
Get started with Selcom Business
Assisted onboarding
To register for a Selcom Business merchant account, businesses generally need standard regulatory KYC documents: Business License, Certificate of Incorporation / Registration, Tax Identification Number (TIN) Certificate, VAT Certificate (if applicable), Owner/Director's Valid Government ID NIDA