The Latest

Tanzania Mobile Money Go Global

July 1, 2020
1 minute read
Tanzania mobile money mpesa global

Vodacom M-Pesa, Tanzania’s leading mobile money service provider, recently announced the expansion of its International Money Transfer service portfolio, giving its customers the ability to transfer and receive funds from individuals across over 200 countries.

Vodacom M-Pesa has broadened its portfolio of partnerships and countries over the past few months to widen its Money transfer service worldwide.

At the global level, partners include MoneyGram, WorldRemit, Remitly and JubaExpress, all of whom enable customers to receive money from over 200 countries directly into their M-Pesa wallet.

Tanzania Mobile Money

According to the latest quarterly communication statistics of the Tanzania Communications Regulatory Authority (TCRA) of March 2020, the value of mobile money transactions in Tanzania reached TZS 9 trillion (USD 3.9 billion), of which M-Pesa account for TZS 5 trillion (USD 2.2 billion).

Want to know more about Finance in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Finance, plus regulations, key sectors, and investment opportunities—all in one place.

Download Free Guide
Tweet
Share
Share
Share
Related Posts
Tanzania Anthony Mavunde Kitila Mkumbo Small-Scale Miners Recommendations Report
Read More

Tanzania Plans Mining Fund and Credit Guarantees to Support Small-Scale Miners

The Government of Tanzania has received recommendations aimed at strengthening the small-scale mining sector through improved access to finance, technology, and geological information. The proposals include establishing a mining fund, expanding credit guarantees, and supporting mineral research to increase employment, reduce poverty, and boost economic growth.
Bank of Tanzania National Payment Systems Annual Report 2025
Read More

Tanzania Digital Credit Grows 32%, Digital Savings Value Triples, Mobile Money Transactions Near USD 100 Billion in 2025

Tanzania's digital credit value grew 32.29% to TZS 5,577.73 billion across 336.52 million transactions in 2025, while digital savings value tripled (up 263%) to TZS 3,181.24 billion, and volume rose 110% to 97.53 million transactions. Active mobile money users rose 19.89% to 75.78 million, and mobile payment value grew 28.30% to TZS 255,133.96 billion, driven by alternative credit scoring models that extend financing to MSMEs and smallholder farmers without traditional collateral.
Tanzania Dar es Salaam Business Center
Read More

Tanzania to Establish International Financial Centre in Dar es Salaam to Attract Global Capital

Tanzania's National Business Council has agreed to establish an International Financial Centre in Dar es Salaam, with Bank of Tanzania Governor Emmanuel Tutuba confirming the country meets prerequisites including political stability and a mature banking sector. The centre will operate under a dedicated legal framework yet to be enacted, targeting domestic and foreign investors seeking easier access to capital for large development projects.
Bank of Tanzania Financial Stability Index 2014-2025
Read More

Tanzania Banking Assets Up 23.8%, Capital Markets Up 35.1%, Social Security Up 21.4%, Insurance Up 6.8% in 2025

The Bank of Tanzania Financial Stability Report for 2025 shows banking sector total assets grew 23.8% to TZS 76,975 billion, private sector credit expanded 23.5% with mining up 30.1% and trade up 29.4%, and the non-performing loans ratio fell to 2.8%, the lowest in the East African Community. Total capital market investment rose 35.1% to TZS 63,096.4 billion, social security assets grew 21.4% to TZS 25,921 billion, insurance assets rose 6.8% to TZS 2,633.6 billion, and foreign reserves stood at USD 6,312 million covering 5.2 months of imports.

Want to know more about investing in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers key sectors, regulations, and investment opportunities—all in one place.

Download Free Guide