Skip to content
barcoder

Payments/TZ

Tanzania, United Republic of

ISO TZ · 3 schemes

Summary

  • TANQR national interoperable QR standard
  • TIPS $11.6B processed (2024)
  • First interoperability globally (2014)
  • 83.2% mobile-led market
  • 99.85% system availability

Banking landscape

Central Bank

  • Name: Bank of Tanzania (BoT)
  • Website: https://www.bot.go.tz/
  • Role: Monetary policy, TANQR regulation

Major Banks (2024)

Rank Bank Name Type Digital Platform
1 CRDB Bank Local CRDB SimBanking
2 NMB Bank Local NMB Mobile
3 NBC Bank State NBC Mobile
4 Stanbic Bank International Stanbic App
5 Exim Bank Local Exim Mobile

Market Structure

  • Mobile-led: 83.2% market share
  • M-Pesa: Vodacom dominant
  • Airtel Money: Major competitor
  • Tigo Pesa: Third provider

Payment infrastructure

National Payment Systems

System Operator Type Status
TANQR BoT National QR Active
TIPS BoT Instant $11.6B (2024)
TISS BoT Interbank RTGS Active
TACH BoT Clearing Active

TIPS (Tanzania Instant Payment)

  • $11.6 billion processed (2024)
  • 2x previous year
  • 46 admitted institutions
  • Critical infrastructure

System Availability (2024)

  • TISS, TACH, TIPS
  • 99.85% availability
  • Excellent performance
  • Reliable infrastructure

QR code standards

TANQR (Tanzania QR Code)

Attribute Value
Operator Bank of Tanzania
Type Interoperable
Adoption M-Pesa, banks
Goal Unified payments

TANQR Features

  • Interoperable across providers
  • Full payment integration
  • Customer convenience
  • Enhanced security
  • Reduced transaction costs

M-Pesa QR

Attribute Value
Provider Vodacom
Features Gov, merchant, agent
Payments QR code based
TANQR Adopted

M-Pesa QR Uses

  • Government payments
  • Merchant payments
  • Agent withdrawals
  • QR code scanning

Mobile payment apps

App Provider QR Features
M-Pesa Tanzania Vodacom Yes TANQR
Airtel Money Airtel Yes Interop
Tigo Pesa Tigo Yes Interop

M-Pesa Tanzania

  • TANQR adopted
  • Government payments
  • Merchant payments
  • Agent services
  • Dominant platform

Mobile Money Leadership

  • 83.2% mobile-led market (2024)
  • Large infrastructure
  • Vast agent distribution
  • Vodacom, Airtel, Tigo

Interoperability Pioneer

  • First country globally (2014)
  • Cross-platform transfers
  • BoT facilitation
  • Industry collaboration

Schemes

Scheme Type Symbology Adoption Technical standard
TANQR National QR Interop Active tanqr
TIPS Instant BoT $11.6B tips
M-Pesa QR Mobile QR App 83.2% m-pesa-qr

Sources

Full country report

TZ-tanzania.md

Schemes

Standards

Primary · 5

Mentioned · 2

source · docs/payments/TZ/index.md