0
Wireless

Tanzania mobile money transactions hit TZS 3.3 tln in 10 months

Friday 22 June 2018 | 12:57 CET | News
About TZS 3.3 trillion was transacted through mobile money interoperability during the first ten months of the 2017/18 financial year, the Daily news reported, citing the Bank of Tanzania (BoT) Monetary Policy Statement for June 2018. This represents a 104.7 percent increase in volume and a 78.9 percent rise against the year before. This is also an increase of TZS 1.1 trillion in just four months from TZS 1.9 trillion recorded during the first six months of 2017/18 year to end December.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Airtel / Tigo / Vodacom / Zantel
Countries: Tanzania, United Republic of
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tanzanian mobile money subscribers up 4.7% in Q3

Published 18 Jan 2019 09:21 CET | Tanzania, United Republic of
The number of mobile money subscribers in Tanzania rose by 4.7 percent during the third quarter of 2018, The Citizen reported. ...

Orange, MTN launch mobile money interoperability across Africa

Published 23 Nov 2018 08:39 CET | Africa
Orange Group and MTN Group have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable ...

Vodacom Tanzania ties up with Payment Gateway

Published 10 Aug 2018 09:23 CET | Tanzania, United Republic of
Vodacom Tanzania's M-Pesa has integrated QR code into the government e-Payment Gateway (GePG), allowing Vodacom customers to pay ...

Tigo Tanzania lets customers reverse erroneous mobile money transactions by themselves

Published 16 Jul 2018 09:15 CET | Tanzania, United Republic of
Tigo Tanzania has brought out a function on its mobile money platform that lets customers undo transactions made accidentally ...