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Dar es Salaam, Tanzania, 31st May 2016.

Regency Innovation Solutions and UBA Tanzania
have signed a memorandum of understanding to offer PrePaid Visa cards throughout Africa
starting with Tanzania. This was announced earlier today during a press conference to launch
the Mimosa Black Card, a PrePaid Visa card that allows clients to deposit and access their

Mike Raymond, Managing Director of Regency Innovation Solutions said, We are delighted to
be partnering with UBA Tanzania in this innovative expansion which begins here in Tanzania.
Our goal is to bring safeandreliablebankingsolutionstoour clients.TheMimosaBlack Cardis
a modern product that is not only secure and convenient but provides access to a host of
concierge services and rewards to its clients. It also creates greater financial inclusion in our

The new PrePaid Visa card is similar to a normaldebitcardbutuniquebecauseitisnotlinked

to the clients bank account, making it cheaper and easier to use and reload. The card is PIN
can withdraw from any Visa ATM, make cashless payments at anypointofsalesterminalsand
also make safe and secure online payments on all ecommerce merchants. Holders of the
Mimosa Black Card will also be able to usetheir cardsacross theglobe.Inaddition,clientscan
deposit money to their account or multiple accounts through any UBA branch, MPesa,
TigoPesa, Airtel money and through collection deposit accounts in all CRDB Bank and Exim

Tanzania already has the technological basis to become a cashless society.With ourprepaid
cards we encourage our clients to embrace a cashless lifestyle. Furthermore our clients will
receive various discounts at several outlets not only in Tanzania but in Africa and eventually
around the world. Inaddition,clientscouldqualifyfortheinstantemergencyfundfeatureofupto

Tesha Philemon, Acting Head of Electronic Bankingfrom UBATanzaniacommented that,One

of our key goals in Tanzania is to change the way people bank by targeting the unbanked
through innovative technology solutions such as these. We believe the Regency
InnovationUBA partnership will go a long way in reaching the unbanked and creating greater

Tanzania is the first country in which this partnership will begin its expansion. Regency
Innovation Solutions already has pending projects in Zambia and Uganda and plans to
undertake a massive change in ID cardsissuancebylaunchingcorporateVisaIDsforStudents

and corporate institutions and in the near future will belaunchingGoldandPlatinumeditionsof



1) To be a Master Agent Distributor of the cards please email our key Accounts Manager on

2) To sign up your business to be added to a list of discounted venues where more than 500
Mimosa members can choose to swipe their cards, pleaseemailourkeyAccountsManageron

REGENCY INNOVATION SOLUTIONS LIMITED (R.I.S) is a subsidiary of the Regency Group of
Companies of P.O. Box 75788, Dar Es Salaam, headquartered at Regency Park Hotel, 8th
Floor, Office
Wing, Mikocheni, Dar es Salaam.R.I.S combines a passion for clientsatisfaction, technology innovation,
deep industry and business process expertise and anAfrican Vision, that embodies its contribution to the
the future of technology worldwide. R.I.S conducts its business in innovation, marketing and launch of
various technologyventuresbothatnational and internationallevel. The company started its operationsin
2013 and has engaged in various partnerships such as software agency ofPilot Softwaresand currently
working on upcoming initiatives such as and Nyuki News to name a few. R.I.S is a
technologyintensive corporation gearedto deliverstateoftheart solutions in areas ofintegratedbusiness
solutions, system applications, product development, internet/intranet applications and communication &

Since its inception, R.I.S mission has been to develop partnerships with clients to provide effective and
reliable information technology solutions that provide operational efficiency, productivity gains and cost
savings toitsclients.Whether it beafinancialproductliketheMimosaBlackCard,oranauctionplatformlike that requires the highest quality and security, R.I.S has the solutions needed to deliver

United Bank for Africa (Tanzania)LimitedisasubsidiaryoftheUnitedBankforAfricaPlc,headquartered in
Lagos, Nigeria,one of Africasleadingfinancial institutions offering universalbankingtomorethan7million

UBA Tanzania brings to the Tanzanian market, comprehensive, innovative, world class financialservices
andproducts tosupportitscorporateandretail customers.The Bankaims tochangethewaypeoplebank in
Tanzania by targetingtheunbankedandinadditionbuildastrongpublic,privatepartnershiptocomplement
the governments efforts on infrastructure development and open additional branches to deepen the
penetration of banking services in the country. UBA Tanzaniasees itselfasthepacesetter in offeringthe