TCRA to phase out scratch vouchers for digital economy push

💰 Ekonomi 📰 Daily News (TZ) 🕐 4 saat önce

DODOMA: THE Tanzania Communication Regulatory Authority, (TCRA) plans to phase out mobile phone recharge scratch vouchers in urban areas as part of sweeping reforms aimed at accelerating Tanzania’s transition to a fully digital and cashless economy. This was revealed by the Minister for Finance, Ambassador Khamis Mussa Omar when presenting the 2026/27 Budget at the Parliament in Dodoma noting that the measure will be implemented by TCRA with pilot areas guiding a nationwide r

The Tanzania Communication Regulatory Authority (TCRA) is planning to gradually discontinue the use of mobile phone recharge scratch vouchers, starting in urban centers. This move is part of a broader government strategy to accelerate the nation's transition towards a fully digital and cashless economy. The initiative will be piloted before a nationwide implementation, with lessons learned informing the expansion.

This reform aligns with significant growth in digital financial services, evidenced by a substantial increase in transactions through the Tanzania Instant Payment System (TIPS). The government is also enhancing TIPS with new features like international money transfers and expanded payment options for various services.

This initiative aims to modernize payment systems, reduce cash dependency, and improve efficiency in financial transactions across Tanzania.

#economy#market#finance#app#government

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