Tanzania Instant Payment System (TIPS)
- Geographic Reach
Tanzania
- Gender
No
- Geographic Region
East Africa
- Coverage
Domestic
- Year Of Establishment
2021
- Ips Type
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 Participants2025
47
- Number Of Direct Participants Commercial Banks
37
- Number Of Direct Participants EMoney 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 Use Function
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
