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Tanzania

Tanzania Instant Payment System (TIPS)

Scheme name: Tanzania Instant Payment System (TIPS)

IIPS Type: Cross-domain

Instruments: Credit EFT, Debit EFT, E-money, Card

Channels: , USSD, Agent

Use cases: Transfers & remittances (P2P), Merchant payments (P2B)

Inclusivity level: Not ranked

Year of establishment: 2022

System owner: Bank of Tanzania

Overseer: Bank of Tanzania

Operator: Bank of Tanzania

Total Participants: N/A

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CategoryTanzania Instant Payment System (TIPS)
Geographic reachDomestic
Geographic descriptionTanzania
Scheme governanceBank of Tanzania
Settlement agentBank of Tanzania
Participants - commercial banksN/A
Participants - MMOsN/A
Participants - non-bank PSPsN/A
Participants - MFIsN/A
Volumes 2018N/A
Volumes 2019N/A
Volumes 2020N/A
Volumes 2021N/A
Values 2018N/A
Values 2019N/A
Values 2020N/A
Values 2021N/A
Interoperability arrangementMultilateral
Ownership modelRegulator-owned
Governance TypologyCentral bank
Messaging standardProprietary
Types of proxy IDsmobile number
Use of open APIsN/A
QR code standard No
Pro-poor governanceYes
CB governance involvementYes
All licensed PSPs can participate (all-to-all interoperability)Yes

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