Open Banking in Tanzania

Planned

Tanzania is exploring open banking through the Bank of Tanzania, building on its established mobile money ecosystem and interoperability achievements.

Key Facts

Approach

Regulated

Regulatory Body

Bank of Tanzania (BOT)

Topics

Open Banking

Data Scope

Banking data, Mobile money

Timeline

2023Bank of Tanzania evaluates open banking approaches alongside mobile money interoperability

Open Finance in Tanzania

Tanzania is in early planning stages for open banking under the Bank of Tanzania (BOT). The country has achieved notable mobile money interoperability through its existing framework, with services like M-Pesa, Tigo Pesa, and Airtel Money enabling cross-network transfers. Open banking development would build on this interoperability foundation, potentially enabling standardized API access across banks and mobile money operators.

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