The Tanzania Instant Payment System (TIPS) processed 651 million transactions worth Sh54.95 trillion in 2025
By
Rosemary Mirondo
Business Reporter
Mwananchi Communications Ltd
Dar es Salaam. Tanzania is stepping up efforts to reduce reliance on cash as digital payment transactions continue to surge, with the Bank of Tanzania (BoT) urging sustained public awareness and financial education to help consumers and businesses confidently adopt electronic payment systems as the country moves towards a cash-lite economy.
Financial experts have expressed mixed reactions to Tanzania’s accelerated push towards a cash-lite economy, following the…
Tanzania will require digital payments in key sectors of the economy from July 2026 as part of a government drive to reduce cash…
The number of merchants accepting digital payments increased to 2.79 million, up from 1.33 million in 2024
Stanbic Bank Tanzania and Visa have intensified efforts to expand secure cross-border digital payments, reporting a sharp…
Tanzania recorded a sharp increase in cross-border mobile money inflows in 2025, with the value of incoming transactions rising…
Growing internet access, wider smartphone usage and the rapid expansion of mobile money services are reshaping financial access…
