Tanzania Instant Payment System (TIPS)
- Geographic Reach
Tanzania
- Gender disaggregated data
No
- Geographic Region
East Africa
- Coverage
Domestic
- Year Of Establishment
2021
- IPS
Cross-domain
- Interoperability Arrangement
Multilateral
- Governance Typology
Central bank led
- Ownership Model
Regulator-owned
- System Owner
Bank of Tanzania (central bank)
- Overseer
Ministry of Finance and Bank of Tanzania
- System Governance
Bank of Tanzania in collaboration with the industry
- Operator
Bank of Tanzania (central bank)
- Settlement Agent
Bank of Tanzania (central bank)
- Number of Unique IPS End Users
-
- Total Number Of Participants
47
- Number Of Direct Participants: Commercial Banks
37
- Number Of Direct Participants: E-money Issuers
6
- Number of Direct Participants: MFIs
3
- Number of Direct Participants: Other
-
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
Merchant aggregators
- Number Of Indirect Participants
1
- Supported Use Cases
P2P, P2B , B2B, G2P, B2P
- Supported Instruments
Credit EFT, E-money
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (banking), App, Browser, QR Code
- QR Code Enabled Type
-
- Messaging Standard
Proprietary
- Proxy ID
Bank account number , Mobile phone number, QR code, Merchant ID, Other
- Other Proxy ID Type
Wallet ID, FSP generated aliases, Government control number
- Business Model
Not-for-loss
- Pricing Structure
No charges/fees for Participation, Onboarding or transactions yet.
- Scheme Rules Public
Yes
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
-
- API Functionality
Yes
- Startup Funding Source
Bank of Tanzania and development partners
- Participation in Decision Making
Yes
- Mechanism for Decision Making
Shared governance model where all participants have equal rights
- Ability to become Direct Participants
No
- Entities that cannot Participate
The initial phase of TIPS have allowed for all licensed payment service providers that offer a transaction account/wallet to participate directly. This includes banks and Mobile Money Providers
- Min Value for Transactions
TZS 1
- Corporate Structure
Other
- Other Corporate Structure
Government owned
- Pull Request to Pay Enabled
-
- Third Party Connections Enabled
-
- Real Time Payment Confirmation
-
- Transaction Validation Enabled
-
- Inclusivity Ranking
Progressed
Tanzania Mobile Money
- Geographic Reach
Tanzania
- Gender disaggregated data
No
- Geographic Region
East Africa
- Coverage
Domestic
- Year Of Establishment
2016
- IPS
Mobile-money
- Interoperability Arrangement
Multilateral
- Governance Typology
Industry led
- Ownership Model
Participant-owned
- System Owner
Mobile Money Operators
- Overseer
Bank of Tanzania (central bank)
- System Governance
Mobile Money Operators
- Operator
Mobile Money Operators
- Settlement Agent
Mobile Money Operators
- Number of Unique IPS End Users
-
- Total Number Of Participants
6
- Number Of Direct Participants: Commercial Banks
-
- Number Of Direct Participants: E-money Issuers
6
- Number of Direct Participants: MFIs
-
- Number of Direct Participants: Other
-
- Number of Direct Participants: Post Office
-
- Indirect Participants Type
-
- Number Of Indirect Participants
-
- Supported Use Cases
P2P, P2B , P2G , B2B, G2P, B2P, Cross border
- Supported Instruments
E-money
- Primary Local Channel
USSD
- Supported Channels
USSD, Agent (e-money), App, Browser, QR Code, ATM
- QR Code Enabled Type
-
- Messaging Standard
Proprietary
- Proxy ID
Bank account number , Mobile phone number, QR code
- Other Proxy ID Type
-
- Business Model
For-profit
- Pricing Structure
Cost, Business and tiered based
- Scheme Rules Public
No
- Additional Recourse Requirements
Yes
- Dispute Resolution Mechanism
-
- API Functionality
Yes
- Startup Funding Source
Parent Companies and Shareholders of the Mobile Money Operators
- Participation in Decision Making
No
- Mechanism for Decision Making
-
- Ability to become Direct Participants
No
- Entities that cannot Participate
Only participants with business interest
- Min Value for Transactions
1 TZS
- Corporate Structure
Private limited company
- Other Corporate Structure
-
- Pull Request to Pay Enabled
-
- Third Party Connections Enabled
-
- Real Time Payment Confirmation
-
- Transaction Validation Enabled
-
- Inclusivity Ranking
Basic
