Tanzania
Payment Methods

Market overview

Tanzania embraces a digital revolution in its payment landscape, marked by the widespread adoption of mobile solutions for financial transactions. With a growing emphasis on convenience and accessibility, Tanzanian users have seamlessly integrated mobile platforms into their daily lives, leveraging them for diverse services ranging from bill payments to fund transfers and traditional banking transactions.

This shift towards digitalization reflects Tanzania’s commitment to modernizing its financial infrastructure, empowering individuals and businesses alike with efficient and secure payment methods tailored to the needs of a rapidly evolving society.

Payment methods supported per country

Mobile money payments

Bank card payments

Bank account payments

Global & local card schemes & wallets

Cards

Mobile money

Digital wallets

eCommerce user penetration

15.5%

eCommerce market volume

1,412,000,000 USD

Trade exchange

Export

of goods as a % of total

India

18%

United Arab Emirates

17%

South Africa

13%

Kenya

7%

Switzerland

6%

Import

of goods as a % of total

China

24%

United Arab Emirates

13%

India

11%

Europe

7%

Saudi Arabia

6%
Account balance

USD 1.122 billion (2020 est.)
USD 1.512 billion (2019 est.)
USD 2.262 billion (2018 est.)

Imports
USD 9.181 billion (2020 est.)
USD 10.576 billion (2019 est.)
USD 10.399 billion (2018 est.)
Reserves of foreign exchange and gold

USD 5.05 billion (31 December 2018 est.)
USD 5.888 billion (31 December 2017 est.)
USD 4.067 billion (31 December 2016 est.)

Banks in Tanzania

CRDB Bank

NMB Bank

Exim Bank Tanzania

Dar es Salaam Commercial Bank (DCB)

Kenya Commercial Bank Tanzania KCB Tanzania

National Bank of Commerce NBC

Standard Chartered Bank in Tanzania

ABSA Bank Tanzania

Stanbic Bank Tanzania

Diamond Trust Bank (DTB)

Mobile carriers in Tanzania

How to integrate with Paysecure

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