Introduction of Digital Payment Methods to Curb Money Laundering

TLDR

• The new measures officially came into effect on July 1, 2026, and members of the public, businesses and service providers have been urged to adopt the required digital payment systems for all transactions covered by the.
• DODOMA: The government has introduced mandatory digital payments for a wide range of transactions as part of efforts to reduce cash usage and close loopholes for money laundering.
• Under the Order, she said, anyone making or receiving payments for the specified transactions is required to use digital payment methods.
• The use of digital payment methods makes it easier to track transactions, enhances the security of funds and helps close loopholes that can be exploited for money laundering, tax evasion and other financial crimes,” Ms.
• According to the Order, recognised digital payment methods include mobile money, bank transfers, payment cards, point-of-sale (POS) machines, internet and mobile banking services, as well as government electronic.