Mobile Money | Bulk Payouts in East Africa

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, …

A guide for Mobile Money Bulk Payouts through ClickPesa

January 22, 2024

Paying someone via mobile money is straightforward, most organizations have access to mobile wallets, bank accounts, or nearby mobile money agents for deposits. While making one outgoing payment is simple, managing a high volume of payments can quickly become a complex and error-prone task without an efficient system in place. ClickPesa offers a streamlined mobile …

Managing invoices effectively with digital invoicing in Tanzania

December 18, 2023

A significant portion of a business’s cash flow is tied up in invoices, also known as accounts receivable, creating pressure on accountants or finance teams. Managing invoices and chasing late payments can be both time-consuming and costly. Digital invoicing provides a solution to reduce outstanding invoices and improve cash flow while keeping processes streamlined. Here’s …

ClickPesa assists and advises with in-app payments

September 5, 2022

In-app payments refer to transactions made for goods and services directly within mobile applications on devices such as smartphones or tablets. While East Africa boasts the largest mobile money market globally, many businesses in the region, including Tanzania, have been slow to leverage in-app payments as an electronic payment option. However, as consumer demand for …

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 …

East Africa – the heart of mobile money. What is next?

June 27, 2019

Rick Groothuizen of ClickPesa outlines the status of financial digitalization in East Africa and the progress that has been made in this emerging market. This post was originally posted in the Paypers. Mobile money refers to digital cash and enables people to do digital payments. The East African region, with countries such as Tanzania, Uganda, …

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 …

How to setup an e-commerce webshop in Tanzania

September 23, 2018

E-commerce webshop in Tanzania, what do you need? Setting up an e-commerce webshop is like building a house architecture and budget need to be agreed before the decoration. Once the specification about what type of online business has been agreed, then solutions need to be evaluated and costed against those specifications. Take the following in …