🇹🇿Tanzania
Payment trends and fintech news from Tanzania
NALA Secures $50 Million Credit Facility to Expand Cross-Border Payments
African payments company NALA has secured a $50 million credit facility to expand its cross-border remittance and B2B payment services. The debt financing reflects a broader trend in African fintech towards building credit infrastructure and deepening financial services beyond core payments.
NALA Raises $50 Million to Build Neobank Platform and Expand Remittance Services
Tanzanian fintech NALA has raised $50 million in a Series C round to transition from a remittance app to a full-service neobank. The funding will be used to build proprietary banking infrastructure and expand its global financial services.
Nala secures $50 million credit line for stablecoin payment network expansion
Nala, a Tanzanian-founded fintech, has secured a $50 million credit line from Liquidity to expand its stablecoin-powered cross-border payment network. This funding will help Nala pre-fund transfers and expand its reach, addressing increased demand for faster business payments.
ACI Worldwide and UBX Tanzania Expand Partnership to Enhance Payment Infrastructure
ACI Worldwide and UBX Tanzania have expanded their partnership to integrate ACI's Enterprise Payments Platform, aiming to boost transaction capacity and system resilience for financial institutions in Tanzania. The move addresses growing demand for digital financial services in a market with high mobile money penetration.
Safaricom's M-Pesa Reaches Ksh100 Billion Daily Transaction Milestone
Safaricom CEO Peter Ndegwa announced that the M-Pesa mobile money platform now handles approximately Ksh100 billion in transactions daily in Kenya. Concurrently, Vodacom Tanzania has expanded its cross-border M-Pesa services to include China and Uganda through a partnership with Thunes.
Thunes and Vodacom Tanzania Expand M-Pesa's Cross-Border Reach to China and Uganda
Thunes and Vodacom Tanzania have partnered to enable cross-border M-Pesa payments between Tanzania and China and Uganda, facilitating remittances and business transactions. The move expands the reach of Africa's dominant mobile money platform amid broader industry efforts to digitize payments and enhance financial connectivity.
MoneyGram Partners with NALA for Stablecoin-Powered Payouts
MoneyGram has partnered with African fintech NALA to enable cross-border remittances to Africa and Asia using the USDC stablecoin. The service, launched in several African nations, aims to leverage blockchain technology to improve transfer speed and reduce costs for users.
Vodacom Tanzania Announces $28 Million Upgrade for M-Pesa Platform
Vodacom Tanzania is investing $28 million to upgrade its M-Pesa mobile money platform, aiming to enhance transaction speed and system capacity for its 21 million users. The move underscores the operator's effort to maintain its dominant market position amid rising competition and evolving consumer demands in Tanzania's digital payments sector.
Vodacom Tanzania invests $28 million in M-Pesa infrastructure upgrade
Vodacom Tanzania is investing $28 million to upgrade the core infrastructure of its M-Pesa mobile money platform. The investment aims to improve system stability and security for its 18 million customers, reflecting a strategic focus on strengthening foundational technology amid high mobile money penetration in the country.
Vodacom Tanzania invests $28 million in M-Pesa infrastructure
Vodacom Tanzania is investing $28 million to upgrade its M-Pesa mobile money infrastructure over the next two years. The company says the investment aims to improve service reliability and support the growth of Tanzania's digital economy amid increasing competition.
Safaricom to Introduce Tap-to-Pay M-Pesa in Kenya Following Tanzania Pilot
Safaricom plans to launch a tap-to-pay feature for M-Pesa in Kenya, expanding a contactless payment service first introduced in Tanzania in March 2026. The service, developed with partners including Paymentology and Visa, allows payments via NFC-enabled phones directly from M-Pesa wallets, marking a significant evolution for the mobile money platform.
M-Pesa Tanzania launches tap-to-pay feature for mobile money
M-Pesa Tanzania has launched a tap-to-pay feature, enabling contactless mobile money payments at point-of-sale terminals. The move aims to integrate the popular mobile wallet with global NFC payment infrastructure, reflecting a broader trend of deepening mobile money functionality across Africa.
Chikwama Pay launches WhatsApp-based banking across Southern Africa
Chikwama Pay has launched a borderless neobank operating via WhatsApp across the Southern African Development Community. The service, enabled by a partnership with Paymentology, allows users to open accounts and make payments, entering a market shaped by recent regional payments agreements and growing platform-based finance.
African regulators target digital lending as market expands
Central banks in Ghana, Kenya, Tanzania and Nigeria are drafting new rules to govern digital lenders, focusing on interest rate caps, data privacy and licensing. The moves aim to curb predatory practices in a fast-growing sector that provides quick loans via mobile phones but has faced criticism for high costs and aggressive debt collection.