Need for Investment in Telecommunications and Electricity Infrastructure for Cashless Economy

TLDR

• The Electronic Transactions (Mandatory Electronic Payments for Specified Transactions) Order, 2026, is more than a payment reform; it is a strategic initiative aimed at transforming Tanzania’s economy.
• The policy could also promote additional investment in payment infrastructure, such as point-of-sale devices, QR code systems and digital payment platforms, thereby supporting Tanzania’s Digital Economy Agenda.
• Digital infrastructure remains uneven, hampering the transition to a cashless economy.
• Implementing mandatory electronic payments nationwide could be challenging without substantial investment in telecommunications and electricity infrastructure.
• Then, prioritise investments in rural telecommunications, electricity and digital infrastructure before implementing full enforcement.