Tanzania’s digital financial ecosystem recorded remarkable growth in 2025, with mobile money, digital savings, and digital credit reaching unprecedented levels and reinforcing the country’s position as one of Africa’s leading digital finance markets.

According to data from the Bank of Tanzania’s National Payment Systems Annual Report 2025, the value of digital credit issued through mobile platforms increased by 32.3 percent to TZS 5.58 trillion, while digital savings surged by an extraordinary 263 percent to TZS 3.18 trillion. The growth reflects increasing trust in digital financial services and expanding financial inclusion across the country. (TanzaniaInvest)

Mobile Money Nears the $100 Billion Mark

Mobile money remains the backbone of Tanzania’s digital economy. During 2025, the value of mobile money transactions rose by 28.3 percent to TZS 255.1 trillion, equivalent to nearly USD 100 billion. Transaction volumes also expanded significantly, reaching almost 8 billion transactions during the year. (TanzaniaInvest)

The expansion was accompanied by a sharp increase in mobile money users. Active subscriptions climbed to 75.8 million, while the nationwide agent network grew to nearly 2 million agents, extending access to financial services into rural and underserved communities. (TanzaniaInvest)

Digital Savings Experience Breakthrough Growth

One of the most notable developments was the rapid rise of digital savings products. The value of savings held through mobile platforms more than tripled in a single year, while transaction volumes increased by 110 percent.

The growth highlights changing consumer behavior as more Tanzanians embrace mobile platforms not only for payments and transfers but also for building personal savings and financial resilience. Improved technology, increased smartphone adoption, and broader financial literacy efforts have contributed to this trend. (TanzaniaInvest)

Digital Credit Expands Access to Capital

Digital lending also continued its rapid expansion. The Bank of Tanzania attributes this growth to alternative credit scoring models that analyze mobile money transaction histories and other digital data, allowing financial institutions to serve customers who may lack traditional collateral or formal banking records. (TanzaniaInvest)

This innovation has opened new financing opportunities for micro, small and medium-sized enterprises (MSMEs), entrepreneurs, traders, and smallholder farmers. By reducing barriers to credit access, digital lending is helping businesses expand operations, manage cash flow, and invest in productivity-enhancing activities. (TanzaniaInvest)

Financial Inclusion Reaches New Heights

The rapid growth of mobile money, digital savings, and digital credit is strengthening Tanzania’s financial inclusion agenda. Studies and industry data consistently show that mobile financial services are enabling millions of previously underserved citizens to participate in the formal financial system. (Open University of Tanzania Repository)

Tanzania has developed one of Sub-Saharan Africa’s most mature mobile money ecosystems, supported by continuous innovation from financial institutions, telecommunications companies, regulators, and fintech providers. (Bank of Tanzania)

Driving Tanzania’s Digital Economy

The latest figures demonstrate how digital finance is becoming a key driver of economic growth, entrepreneurship, and financial empowerment. With mobile money transaction values approaching USD 100 billion annually and digital financial services continuing to expand, Tanzania is increasingly emerging as a regional leader in digital financial innovation.

As digital adoption rises and new financial technologies enter the market, the country’s digital finance sector is expected to play an even greater role in supporting inclusive growth, expanding access to capital, and accelerating economic transformation in the years ahead. (TanzaniaInvest)