With modern rails and new e‑payment rules, Tanzania is turning digital money into real‑world habit and business value.
Tanzania is the largest country in East Africa, with an economy built on agriculture that supports most of the population, mining that moves high value under heavy regulation and tourism that earns much of its foreign exchange – its payment system has to work for all three. For years, cash has done most of the work in that economy but from the beginning of July, a new law required those payments to be made electronically.
Access is not the main challenge anymore. With mobile penetration, many people already have access to digital financial services. The challenge is encouraging meaningful, regular usage. Technology on its own won’t solve financial inclusion. It has to be combined with education, trust, and products that create real value for customers.
Shomari Shija
Business Development Manager: Tanzania
