Mobile money is a key driver of socio-economic growth by creating employment, driving business productivity, facilitating savings and facilitating investment, contributing to formalising the economy, and providing stability during economic downturns. It is a main driver of financial inclusion, contributing directly to Tanzania’s economic growth and social development objectives. As set out in Tanzania’s National Financial Inclusion Framework, “mobile money services have been the main driver in the provision of financial services to the under-served especially women and people living in rural areas”.
This report by the GSMA analyses the impact of a new levy on mobile money transactions in Tanzania. The analysis covers the first three months’ period after the introduction of the levy, from July to September 2021.