TheLBA Tanzania has introduced a new mandate requiring digital payments for a wide range of transactions. This initiative is part of a broader government effort to reduce the overall usage of physical cash. By digitizing these payments, the government aims to close existing loopholes often exploited for money laundering. The move was implemented through specificPS specific amendments to the Electronic Transactions Act (Cap. 442). Additionally, a new order has been issued to specify which exact transactions must now be conducted electronically. This policy represents a significant shift toward a more transparent financial system. The government believes these measures will enhance financial oversight and security. This movePHT government transition aims to modernize the national economy and increase transparency.

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