Mandatory Digital Payment Regulations Taking Effect in January 2024
Latest Tanzania finance news · Mandatory Digital Payment Regulations Taking Effect in… explained · 2024 updates · 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.
- Speaking in a televised interview, BoT Governor Emmanuel Tutuba said businesses should begin investing in payment infrastructure now to ensure a smooth transition.
- The objective of the law is to ensure Tanzanians benefit from a modern payment system,” Mr Tutuba said, urging businesses to deploy solutions such as Lipa Namba, point-of-sale (POS) terminals and other approved digital.
- The policy builds on Tanzania’s expanding digital payments ecosystem.