Tanzania Mobile Money Transactions Double Over 1 Year

Tanzania mobile money market share March 2018

According to the Bank of Tanzania (BOT) Monetary Policy Statement of June 2018, during the period July 2017 to April 2018, utilization of interoperability capability in mobile money services grew to 80.7 million transactions worth TZS 3,3 trillion, representing a 104.7% increase in volume and 78.9% in value compared to the corresponding period of 2016/17.

BOT explains that interoperability of mobile financial services has contributed to overall growth of total mobile money transactions by 37.3% in volume and 23.4% in value in the period under review, compared to the corresponding period of 2016/17.

As at the end of April 2018, the number of active registered accounts for mobile money stood at 19.5 million, compared with 17.5 million at the end of June 2017 and 17.3 million at the end of April 2017.

Tanzania Mobile Money
Tanzania is one of the world leaders in mobile money transfers, being first introduced in the country in 2008.

There are 6 mobile money providers in Tanzania: Vodacom with M-Pesa (43% market share), Tigo with Tigo Pesa (36%), Airtel with Airtel Money (17%), Halotel with Halotel Money (3%), Zantel with Ezy Pesa(1%), and TTCL (0.04%).

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