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Mobile money transactions by operator in Tanzania 2020

The mobile money sector in Tanzania is dominated by two providers, namely Safaricom’s M-Pesa and Tigo Pesa. In March 2020, mobile money users made 256.96 million transactions using one of the six mobile money services.

Mobile money services – How do they work?

Mobile money services like M-Pesa are used to pay bills, make private transfers, and conduct business transactions. These mobile wallets are operated via mobile phone and powered by SIM cards from large operators. As transactions are concluded via text message, no internet connection is needed.

Supporting financial inclusion

Tanzania is one of the world’s leaders in mobile money transactions. In June 2019, mobile money transfers in the country had a value of over 3.6 billion U.S. dollars attributable to close to 23 million subscriptions. Measured against the total population of approximately 56 million, around 40 percent of Tanzanians made use of mobile money technology in 2019, while only a small minority had access to traditional banking services. With the almost universal availability of mobile phones and the high mobile voice penetration rate in Tanzania consumers have easy access to financial services and financial inclusion.

Number of mobile money transactions in Tanzania from January 2020 to March 2020 (in millions), by operator

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Source

Release date

2020

Region

Tanzania

Survey time period

January 2020 to March 2020

Supplementary notes

The data is compiled by the operators.

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