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Tanzania

Tanzania Instant Payment System (TIPS)

Scheme name: Tanzania Instant Payment System (TIPS)

IIPS Type: Cross-domain

Inclusivity level: Basic

Year of establishment: 2022

System owner: Bank of Tanzania

Overseer: Bank of Tanzania

Operator: Bank of Tanzania

Total Participants: 5

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CategoryTanzania Instant Payment System (TIPS)
Geographic reachDomestic
Geographic descriptionTanzania
Scheme governanceBank of Tanzania
Settlement agentBank of Tanzania
Participants - commercial banks3
Participants - MMOs2
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 2018-
Volumes 2019-
Volumes 2020-
Volumes 2021N/A
Values 2018- USD
Values 2019- USD
Values 2020- USD
Values 2021N/A
Values 2022N/A
GNI (%)N/A
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyCentral bank
Messaging standardProprietary
Types of proxy IDsMobile number
Use of open APIsYes
QR code standard N/A
Pro-poor governanceNo
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseNo
Not-for-lossNo

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