Brief Overview. Financial technology (the “FinTech”) is any application, software or technology that allows individuals or businesses to digitally access and make financial transactions, usually through an online platform. FinTech companies offer digital solutions that rely heavily on technology. By doing so, they allow individuals and companies to enhance their access to financial products, lower […]

In Tanzania, through current technological advancement, individuals and businesses are able to send and receive money electronically (locally and internationally). This is made possible through various internet/web-based applications  and Unstructured Supplementary Service Data technology (hereinafter referred to as “USSD”), such as, M-Pesa, Mixx by Yas and Airtel Money which are offered by electronic money issuers […]

Brief Overview A Credit Reference Bureau (hereinafter referred to as a “CRB”) is defined under the Bank of Tanzania (Credit Reference Bureau) Regulations, issued under Government Notice Number 416 of 2012 (hereinafter referred to as “the Bureaux Regulations”) as an entity specialised in the collection and sale of credit performance information for individuals and companies. […]