The Latest

International Mobile Money Transfer Now Available in Tanzania

May 8, 2017
1 minute read
terrapay tanzania international mobile money transfer

International mobile payment network TerraPay has obtained regulatory approval from the Bank of Tanzania (BOT) to launch international money transfer services to mobile wallets in Tanzania.

This is the first license of its kind in Tanzania, allowing TerraPay’s partners across the world to send money directly to mobile wallets in Tanzania.

Through a partnership with Tanzanian mobile money aggregator Selcom, TerraPay can send money to all the prominent mobile wallets in Tanzania.

Tanzania Investment Guide 2026 Free Edition

Tanzanian diaspora in UK, France, Italy, Canada, US, South Africa and other countries can now send remittances directly to Vodacom M-Pesa, Tigo Pesa, Airtel Money and Zantel Ezy Pesa mobile money accounts, TerraPay explains.

Furthermore, the company has also been licensed by the Tanzania Communications Regulatory Authority (TCRA) for mobile-based domestic payments.

According to World Bank (WB), Tanzania received a total of USD 390 million in 2015 from over 4 million expatriates living abroad.

Mr. Ambar Sur, Founder & CEO of TerraPay commented “Tanzania is one of the fastest growing country in mobile wallet space with a total of 18 million active mobile money subscribers. The Bank of Tanzania’s recent move to provide TerraPay with a license to send international remittances to mobile wallets in the region will provide a boost to remittances in Tanzania. We are positive that other partners will join the TerraPay hub which will help to grow and sustain remittances to mobile wallet in the region.”

TerraPay is registered and regulated in several jurisdictions. In the UK, it is regulated by the Financial Conduct Authority (FCA).

TanzaniaInvest Capital Markets Report Banner

Want to know more about Telecoms in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Telecoms, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Read More

Tanzanian Delegation Visits Agribusiness, AI, Data Centre and Railway Facilities on Day Two of EU–Tanzania Roadshow in Italy

On 2 October, Tanzanian agribusiness and digital delegations visited facilities in Emilia-Romagna during the EU–Tanzania roadshow’s Italian leg. On the second day of the EU–Tanzania roadshow in Italy, the agribusiness delegation visited Apofruit–Almaverde, Martini Group and Unitec to examine post-harvest handling and cold storage, livestock and food operations, and fruit sorting, grading and training. A separate group led by Deputy Minister Pius Chaya visited the University of Bologna, DAMA Tecnopolo and Bologna San Donato to learn about artificial intelligence, Industry 4.0, supercomputing, data centres and railway testing.
EU–Tanzania Investment and Business Forum 2026–2027 roadshow opening at Cesena Fiera, with blue Global Gateway and TanzaniaInvest branding
Read More

EU–Tanzania Roadshow Continues in Italy With Rice, Cashew, Coffee and Renewable Energy Investment Pitches in Cesena

At the Cesena stop of the EU–Tanzania roadshow, Tanzanian agencies presented investment opportunities in rice, cashew and coffee processing, renewable energy, power transmission and digital infrastructure. Italy’s Ministry of Foreign Affairs cited USD 8.6 billion in foreign investment registered in Tanzania in the last year, up 56%, while EU and Italian institutions outlined grants, guarantees, export credit and blended finance.
EU-Tanzania Roadshow 2026-2027 Helsinki day 2 critical minerals visit
Read More

Tanzanian Delegation Visits EU’s Only Nickel Smelter, Metso Research Center, and Nokia on Day Two of EU-Tanzania Roadshow in Finland

On 29 September 2026, the second day of the EU-Tanzania roadshow in Finland, the Tanzanian delegation visited Metso's Pori Research Center, where around 180 experts work on mineral processing, hydrometallurgy, battery materials, and smelting, and Boliden's Harjavalta site, home to the only nickel smelter in the EU. The digital track included visits to Nokia, the Finnish Information Security Cluster, and technology company Gofore, with talks on digital sovereignty, digital public infrastructure, and Tanzania's move to a cashless economy.
EU-Tanzania Investment & Business Forum 2026-2027 Helsinki day 1
Read More

EU–Tanzania Roadshow Opens in Helsinki With Mineral and Digital Investment Pitches

At the EU-Tanzania roadshow in Helsinki, the EU and Finland said they want to invest in Tanzania's critical minerals and digital economy, backed by a new EUR 156 million EU package and by Finnish financiers Finnvera and Finnfund, which confirmed they are open to Tanzanian deals. Tanzania offered European companies entry into graphite, nickel and rare earths processing, including at a former gold mine converted into a mineral processing zone, as well as into data centres, submarine cables and broadband, backed by TZS 7 trillion in planned public spending.

Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

Download Free Overview Get the Full Edition for Free