The Tanzanian government has announced that it will reduce mobile money transaction fees by a further 43% to ease the burden placed on citizens by providers in a time of rising inflation caused by the Ukraine war.A 2021 mobile money levy impact analysis report (pdf) by the GSMA shows that the July 2021 introduction of the mobile money levy had an adverse effect on gains the country had made in financial inclusion since becoming the first nation in Africa to implement payments interoperability. Tanzanians were going back to using cash and the government started thinking on how to get them back to mobile money platforms.When he presented the national budget for the financial year 2022/23 on Ju
Hence then, the article about tanzania is trying to get people to ditch cash for good was published today ( ) and is available onQuartz ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Tanzania is trying to get people to ditch cash for good )