The Latest

BitPesa Bitcoin Remittance Service Expands to Tanzania

May 27, 2015
1 minute read

Kenyan bitcoin startup BitPesa is expanding to Tanzania with launch of its mobile-friendly digital currency exchange remittance service.

BitPesa accept Bitcoin from nearly anywhere in the world and exchange it for Kenyan and Tanzanian Shilling and allows individuals and businesses to send money to and from Kenya and Tanzania.

Tanzanians can now make a payment to any Tanzanian mobile money number instantly from anywhere in the world for a transaction fee of 3%.

TANZANIA BUSINESS & INVESTMENT GUIDE 2026

Company’s CEO Ms. Elizabeth Rossiello recently said at the Bitcoin Africa Conference in Cape Town recently that “about 97 % of the people in Kenya use mobile money and in Tanzania it’s even better as it is going to be mobile money 2.0 where they have three key operators using it instead of one company”.

BitPesa launched its international money transfer in Kenya in 2014 with the goal of expanding the service to the rest of Africa.

Tanzania is a mobile money hotspot with 43 million people and 31.8 million registered mobile money accounts.

According to a World Bank study of 2012 Tanzania received USD 317 million in remittances out of which USD 15 million came from Kenya.

Tweet
Share
Share
Share
Related Posts
Tanzania Financial Inclusion Index 2018-2024
Read More

Tanzania Financial Inclusion Index Rises to 0.81 in 2024 with Growth in Microfinance, Mobile Money, Digital Loans, Warehouse System, and Digital Insurance

The Bank of Tanzania Tanzania Financial Inclusion Report 2024 shows the inclusion index rising to 0.81, driven by increased access and usage of financial services. Microfinance access points grew 21.4% year-on-year, active mobile money accounts rose 17.5% to 60.75 million, digital loans doubled, warehouse system beneficiaries increased 1,178%, and digital insurance premiums reached TZS 1.4 trillion, highlighting strong growth across both traditional and digital financial services.
FSDT STRATEGIC ADVISOR DIGITAL FINANCIAL SERVICES
Read More

FSDT Seeks Strategic Advisor for Digital Financial Services and Infrastructure in Tanzania

The Financial Sector Deepening Trust (FSDT) is looking for a Strategic Advisor to support the design and implementation of digital financial services and sector infrastructure initiatives in Tanzania. The consultant will provide technical expertise on DFS innovations, alternative credit scoring, and shared financial systems, with a focus on financial inclusion for women and youth. The engagement runs from July 2025 to June 2027. Proposals must be submitted by 14 August 2025.