Mandatory Digital Payments for Key Transactions in Tanzania
Habari mpya za fedha Tanzania · maelezo ya Mandatory Digital Payments for Key Transactions in Tanz… · imesasishwa 5 Aug 2026 · habari za uchumi · pato la taifa · uwekezaji
Muhtasari
- 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.
- The requirement has been introduced through amendments to the Electronic Transactions Act (Cap. 442) and a new ruOrder specifying transactions that must be conducted electronically.
- 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.