Selcom is a wholly-Tanzanian owned private company that was founded in 2001 as a prepaid airtime distributor for Celtel in Dar es Salaam region, Tanzania. Since 2001, we have focused on playing a pioneering role in the vibrant and diverse financial technology sector - an important driver of the Tanzanian economy. We are best known for owning and operating the largest independent network of point-of-sale (POS) terminals with more than 17,000 terminals countrywide for bill pay, cash-in, cash-out for mobile money wallets and agency banking.
Selcom is a Tanzania Communications Regulatory Authority and Bank Of Tanzania licensee. We are also recognized by the Bank of Tanzania as a leading enabler of mobile banking and payment service provider. To date, Selcom has connected more than 20 banks to mobile banking for core services and over 30 banks for value added services such as bill payment, merchant payment and interoperability with other financial institutions.
Selcom enabled Africa’s first SMS-based national text-and-win competition. In line with our first core principle of innovation, the service is built on technology that has been developed in-house by our local experts. Being at the forefront of innovation in the country has made us a reliable solution provider and developer for large clients such as, DSTV, Barclays Bank and TANESCO as a direct result of our second core principle. Led by our third and final core principle of service, we have developed an extensive portfolio of services that caters to a wide range of clients. Selcom has become the best known turn-key solution provider for channel-agnostic payment gateway integration, electronic value distribution, mobile banking, mobile commerce and mobile payment solutions. Further, all mobile money operators in the country are integrated with Selcom's bill payment gateway. On average, we currently process 300,000 transactions on a daily basis through our channels. All our products run on Selcom Conduit, the in-house developed platform.
Recently, Selcom has begun operations in Uganda.
Over 15 years have gone by since we took our first step but this is only the beginning for Selcom.
At Selcom we turn challenges into opportunities for innovation and growth.