.jpeg)
The Bank of Tanzania (BoT) has taken a major step toward improving the country’s financial infrastructure by launching a new National Payments Systems Committee, a body designed to enhance coordination, governance and innovation across Tanzania’s payment ecosystem.
The committee was unveiled on December 2, 2025, by Deputy Governor Sauda Kassim Msemo during a ceremony held at the BoT headquarters in Dar es Salaam.
Deputy Governor Msemo described the formation of the committee as an important milestone that will help Tanzania build “a stable, innovative and inclusive payments environment.”
She noted that the country has made steady progress in strengthening its payment systems over the years, citing key developments such as the Electronic Cheque Clearing House (ECH) introduced in 2001, the Tanzania Interbank Settlement System (TISS) in 2004, the Tanzania Automated Clearing House (TACH) in 2015 and the Tanzania Instant Payment System (TIPS) in 2021.
She said the new committee will bring together all players in the national payments landscape and serve as a platform for harmonizing their operations.
The committee will also advise the Bank of Tanzania on strategic decisions, help resolve disputes involving BoT-operated platforms and support the development and review of standards and regulations guiding the sector.
During the launch, members examined the committee’s Charter, which spells out its governance structure, responsibilities and procedures.
The Charter is expected to promote transparency, accountability and efficiency once the committee begins full operations.
Msemo encouraged members to fully embrace their role, saying their experience and knowledge of payment services will be key to strengthening the country’s systems.
With effective collaboration, she said, Tanzania can build payment platforms that are secure, interoperable, efficient and aligned with global best practices.
The committee brings together representatives from commercial banks, digital money service providers, telecommunications companies and financial technology (fintech) firms, marking a unified approach to building a modern and reliable national payments ecosystem.