1.0         Introduction The Bank of Tanzania (“BoT”) issued a new regulation titled The Banking and Financial Institutions (Non-Interest Banking Business) Regulations, 2025, published under Government Notice Number 88 of 2025 (the “Regulations”). The Regulations establish a legal framework for setting up a non-interest banking business in Tanzania and provide an opportunity for persons interested […]

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 […]