Tanzanian Fintech Launches Revolutionary Digital Payment Services to Empower Local Communities
Dar es Salaam – A groundbreaking digital payment platform has been introduced to transform financial accessibility across Tanzania, targeting both urban and rural communities with innovative financial solutions.
The new digital payment service aims to bridge critical financial gaps in the market, offering comprehensive solutions including agency banking, card issuance, bill payments, e-commerce integration, and remittance services. This strategic launch comes at a pivotal moment when over 50 million mobile money accounts exist, yet 60 percent of Tanzanians remain underserved by traditional banking systems.
“This launch is more than a milestone—it is a commitment to empowering every Tanzanian, from the vendor in Dar es Salaam to the farmer in remote villages, with the tools to thrive in the digital economy,” said the company’s leadership.
The ambitious initiative plans to onboard more than 30,000 agents and merchants by 2027, positioning itself as a key driver in East Africa’s digital transformation. With annual transactions already surpassing 100 trillion Tanzanian shillings, the platform represents a significant step towards comprehensive financial inclusion.
By providing secure and scalable digital financial services, the company is dedicated to redefining how people pay, save, and access financial services while simultaneously driving innovation and economic growth across the country.
The digital payment platform represents a critical advancement in making financial services more accessible, affordable, and convenient for all Tanzanians, regardless of their geographic location or economic background.
