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Tanzania
Taifa Moja
Scheme name: Taifa Moja
IIPS Type: Mobile money
Instruments: E-money
Channels: Agent, USSD, App, Browser, ATM, QR
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Inventory & business services (B2B), Salaries & wages (B2P)
Inclusivity level: Basic
Year of establishment: 2016
System owner: None (bilateral agreements)
Overseer: Bank of Tanzania
Operator: None (bilateral agreements)
Total Participants: 6
Volumes 2023: 5,061,198,600
Values 2023: 59,980,446,882 USD
Back to map| Category | Taifa Moja |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Tanzania |
| Scheme governance | None (bilateral agreements) |
| Settlement agent | Bank of Tanzania |
| Participants - commercial banks | 0 |
| Participants - MMOs | 6 |
| Participants - non-bank PSPs | 0 |
| Participants - MFIs | 0 |
| Volumes 2019 | 2,851,247,070 |
| Volumes 2020 | 2,969,097,129 |
| Volumes 2021 | 3,157,970,301 |
| US$ Exchange Rate 30 April | 2,579.2700 |
| Values 2019 | 36,367,742,749 USD |
| Values 2020 | 42,773,667,378 USD |
| Values 2021 | 44,796,513,070 USD |
| Values 2022 | 44,312,220,188 USD |
| Values 2023 not-on-us transactions (US$) | 9,749,874,576 USD |
| Values 2023 on-us transactions (US$) | 50,230,572,306 USD |
| Total value of instant payment transactions 2023 (US$) | 59,980,446,882 USD |
| Interoperability arrangement | Multilateral |
| Ownership model | Participant-owned |
| Governance Typology | Private association |
| Scheme rules shared or publically available? | No |
| Messaging standard | N/A |
| Types of proxy IDs | Mobile phone number; QR code |
| Use of open APIs | Yes |
| QR code standard | N/A |
| Pro-poor governance | Yes |
| CB governance involvement | No |
| Expanded use Cases | No |
| Minimum channel functionality | Yes |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | No |
| Recourse | No |
| Not-for-loss | No |
| Status | Reached basic level, potential to reach progressed level |
| Strengths/drivers | Fulfilment of basic criteria provides a good base to progress further on the inclusivity spectrum. Already fulfills pro-poor governance criteria. |
| Areas of development | Areas for development include broader participation as well as central bank involvement in governance. Given the existence of TIPS in the Tanzanian ecosystem, this could be facilitated with full integration of MMOs in TIPS which reduces the need for bilateral agreements. |
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