Proposal for Businesses to Adopt Electronic Payment Systems
Habari mpya za fedha Tanzania · maelezo ya Proposal for Businesses to Adopt Electronic Payment Sys… · imesasishwa 4 Aug 2026 · habari za uchumi · pato la taifa · uwekezaji
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.
- The regulations require businesses and institutions operating in sectors including transport, retail, hospitality, education, tourism, real estate, motor vehicle sales and agriculture to adopt approved electronic.
- 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.