Tanzania: Regulatory Challenges & Opportunities in DFS

Insights from Tanzania: New Regulatory Challenges and Opportunities in Digital Finance

Amid rapid growth in digital financial service offerings, the Tanzanian government is racing to put in place a regulatory framework to protect consumers.

Mobile network operators are working in partnership with banks in Tanzania to offer a new array of digital financial services such as credit and savings for customers. Already Tanzania is a world leader in allowing consumers to easily transfer money and make payments from one mobile account to another, regardless of network provider. As these digital financial services boom, the Tanzanian government is racing to put in place a regulatory framework that will protect consumer safety and ensure a sound financial system.