Cross Border Payments | Financial Insights

Digital transformation of businesses in Tanzania

February 19, 2024

Embrace Digital Transformation: A Guide for Businesses in Tanzania In today’s information-driven economy, no business can thrive without embracing digital transformation. For businesses in Tanzania, digitizing operations is crucial for staying competitive in an increasingly fast-paced and tech-savvy marketplace. Digital transformation involves integrating technology into business processes, such as using accounting software, adding e-commerce capabilities, …

What are the benefits of digital payments for SMEs in Tanzania

November 11, 2019

Why should SMEs digitize payments within their organization? While the costs, challenges, and risks of cash transactions may not have an explicit direct line item on the profit & loss statement, they are significant. A study by the World Bank, for example, estimates that the cost of cash handling in Uganda and Tanzania can be …

What is ClickPesa and why did we start it

July 11, 2019

Leading business payments in Africa Let us start with a short case to picture what challenges ClickPesa solves. Merca Limited is a Tanzanian company that has been operating in Dar es Salaam for more than 6 years. Merca is a specialized procurement company for customers in East Africa. The company accepts payments from customers via a set …

Alternative for PayPal in Tanzania

February 25, 2019

What is the easiest way for companies to receive payments in Tanzania? You are an entrepreneur, business or freelancer in Tanzania, you work for clients based abroad, how do they pay you? PayPal is the best way to receive payments in many countries. But not in Tanzania. Many businesses hope will this comes eventually, a …

Insights into the Tanzania financial sector: a rapidly developing ecosystem

December 21, 2018

2018 has been a turbulent year for the Tanzania financial sector, five community banks got closed by the Bank of Tanzania (BoT) in early 2018 due to inadequate capital requirements. A couple of new banks entered, latest bank China Dasheng Bank Limited, got granted a banking license by the Central Bank of Tanzania (BOT), as a new commercial …

ClickPesa launches initiative to educate 500 merchants

September 11, 2017

ClickPesa recently launched an initiative to consult, advise and educate around 500 merchants about using Electronic Payments in their places of business. This initiative is part of the “Electronic Payment Facilitation Dar-es-Salaam” program of ClickPesa. The program is conducted in areas of Dar es Salaam such as Sinza, Kijitonyama, Magomeni and Mwenge. These areas are known …

Tanzania Payment Industry Outlook 2017

August 24, 2017

This article describes how the Tanzania Payment Industry has evolved. Tanzania is one of the fastest growing mobile money markets in the world. Currently transacting US$27.1 billion yearly, half of Tanzanian’s GDP. A 2016 study on the state of the mobile money market in Tanzania conducted by GSMA and research data of Bank of Tanzania (BOT) shows …

ClickPesa attends GSMA Mobile 360 Series July 2017 in Dar es Salaam

August 2, 2017

The GSMA Mobile 360 Series presents a conference platform cultivating regional engagement through topics that are impacting the mobile industry on both a localised and global scale. This year, the conference was held in Dar es salaam Tanzania. Hundreds of individuals, industry leaders, regulators, companies and politicians attended the GSMA Mobile 360 Series. The core theme …