Mandatory Electronic Payments for Specified Transactions Order, 2026
Latest Tanzania finance news · Mandatory Electronic Payments for Specified Transaction… explained · 2026 updates · updated Aug 4, 2026 · economy news · GDP · investment
TLDR
- The Electronic Transactions (Mandatory Electronic Payments for Specified Transactions) Order, 2026 requires businesses and institutions in designated sectors to adopt approved electronic payment systems.
- More than 21 million passengers purchased bus tickets electronically between June last year and March this year, reflecting growing public acceptance of digital payment platforms.
- 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 last year from 1.33 million in 2024, underlining the.
- Ministry of Transport figures show that 13,843 buses have been connected to the Vehicle Tracking System (VTS), while the Central Electronic Ticketing System (CeTS) has integrated 8,126 buses.
- DAR ES SALAAM: MANDATORY electronic payments for selected transactions are expected to boost tax revenue, improve transparency and accelerate digital economy, although economists say affordable systems, reliable.