Expected Improvement in Tax Administration through Electronic Payments
Latest Tanzania finance news · Expected Improvement in Tax Administration through Elec… explained · updated Aug 4, 2026 · economy news · GDP · investment
TLDR
- According to the Bank of Tanzania’s National Payment Systems Annual Report 2025, the number of merchants accepting digital payments more than doubled to 2.79 million in 2025 from 1.33 million a year earlier, reflecting.
- DAR ES SALAAM: THE Bank of Tanzania (BoT) has urged businesses to install electronic payment infrastructure ahead of mandatory digital payment regulations taking effect in January next year, as the government steps up.
- Once implemented, transactions traditionally settled in cash, including bus fares, school fees, hotel bills, fuel purchases and property payments, will be required to pass through approved electronic payment channels.
- Analysts say mandatory electronic payments are expected to deepen financial inclusion, increase transparency and support domestic revenue mobilisation by formalising a larger share of commercial transactions.
- According to Mr Tutuba, wider adoption of electronic payments will improve business record-keeping, strengthen financial management and generate verifiable transaction histories that could enhance access to credit.