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Concerns Over Transaction Costs Affecting Digital Payment Adoption

Habari mpya za fedha Tanzania · maelezo ya Concerns Over Transaction Costs Affecting Digital Payme… · imesasishwa 4 Aug 2026 · habari za uchumi · pato la taifa · uwekezaji

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Muhtasari

  • 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.
  • 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.
  • Kings Bakery founder Kelvin Shehoza welcomed the government’s cashless agenda but said payment charges could discourage wider adoption.

Nukuu za habari mpya na vyanzo: Concerns Over Transaction Costs Affecting Digital Payme…

dailynews.co.tzSoma zaidi

Some businesses, however, remain concerned about transaction costs. Kings Bakery founder Kelvin Shehoza welcomed the government’s cashless agenda but said payment charges could discourage wider adoption.

Uliza chochote kuhusu mada hii — mfululizo, athari, wahusika, au uhusiano na Tanzania.