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Tanzania

Tanzanian Shilling (TZS)

Mobile money usage in Tanzania grew exponentially between 2021 and 2022, with more than 33 million accounts being opened. With this growth, however, came a significant tax increase. Fees on mobile payments rose from 23% to 60% in 2021, posing a threat to the future of digital payments in the country

Tanzania flag

Population

63,588,334

Banked Population:

52.43%

Group 427321246

Main industries

Agriculture, Manufacturing,
Mining, and Natural Gas

Group 427321247

Main imports

Refined Copper, Refined Petroleum,
Packaged Medicaments, Palm Oil, and Wheat

Group 427321248

Main exports

Gold, Raw Copper, Precious Metal Ore, Dried Legumes,
and Coconuts, Brazil Nuts & Cashews

GDP stats

$1,099.3

Per capita (USD)

4.3%

Growth annually

81

World ranking

Internet usage

22%

Smartphone usage

26%

Credit/debit card usage

14%

Population transacting electronically

43%

Group 427321245 1

Total volume of digital payments projected to reach

$3,203.00M (USD)

Halopesa Mobile Money

Mobile Money

Airtel Mobile Money Tanzania

Mobile Money

Tigo Pesa Mobile Money

Mobile Money

VODACOM M Pesa Mobile Money

Mobile Money

Yetu Microfinance Bank PLC

Payout

First National Bank of Tanzania

Payout

National Bureau De Change Limited

Payout

Airtel Mobile Money Tanzania

Payout

Guaranty Trust Bank (Tanzania) Limited

Payout

NIC Bank Limited

Payout

Tigo Pesa Mobile Money

Payout

Halopesa Mobile Money

Payout

NMB Bank Plc

Payout

VODACOM M Pesa Mobile Money

Payout

Habib African Bank

Payout

Orbit Securites Co Ltd

Payout

TZWALLET

Payout

International Commercial Bank Limited

Payout

The People's Bank of Zanzibar

Payout

UBL Bank Limited

Payout

I And M Bank (T) Limited

Payout

SABMiller Tanzania

Payout

Uchumi Commercial Bank Ltd

Payout

KCB Bank Tanzania Limited

Payout

Stanbic Bank Tanzania Limited

Payout

United Bank for Africa Tanzania

Payout

Kilimanjaro Co Operative Bank Ltd

Payout

Standard Chartered Bank Tanzania Ltd

Payout

Karadha Company Ltd

Payout

Tanzania Agricultural Development Bank

Payout

Letshego Bank (T) Limited

Payout

Trust Bank (Tanzania) Limited

Payout

Diamond Trust Bank Tanzania Ltd

Payout

Mkombozi Commercial Bank Ltd

Payout

TIB Corporate Bank Limited

Payout

Ecobank Tanzania Limited

Payout

Maendeleo Bank Ltd

Payout

TIB Development Bank Ltd

Payout

Eximbank Ltd

Payout

Mucoba Bank Plc

Payout

TPB Bank Company Ltd

Payout

Equity Bank Tanzania Limited

Payout

Mwalimu Commercial Bank Plc

Payout

Tanzania Revenue Authority

Payout

First Housing Finance Tanzania Limited

Payout

Mwanga Community Bank Ltd

Payout

Tanzania Womens Bank Limited

Payout

FINCA Microfinance Bank Ltd

Payout

The National Bank of Commerce

Payout

Twiga Bancorp Limited

Payout

Bank of Tanzania

Payout

Commercial Bank of Africa Ltd

Payout

Covenant Bank for Women Limited

Payout

China Commercial Bank Limited

Payout

Crown Finance And Leasing Limited

Payout

Citibank Tanzania Ltd

Payout

African Banking Corporation Tanzania Ltd

Payout

Canara Bank Ltd

Payout

Accessbank Tanzania Ltd

Payout

CRDB Bank Limited

Payout

Akiba Commercial Bank Plc

Payout

DCB Commercial Bank Plc

Payout

Amana Bank Limited

Payout

Dar Es Salaam Stock Exchange

Payout

Azania Bank Limited

Payout

BOA Bank Tanzania

Payout

Barclays Bank Tanzania Ltd

Payout

Bank of India Limited

Payout

Bank M Tanzania Plc

Payout

Bank of Baroda Ltd

Payout

Payment Methods in Tanzania

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  • Payout
  • Mobile Money

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