Payment Revolution in Tanzania - A user experience report by Nearex

 

Cards are replacing cash payments as they are extremely convenient, but Cashless Payments have remained a distant dream across emerging markets due to poor payment infrastructure. In Tanzania more than 75% of the population is financially included through mobile money. But only 1% use mobile money to pay in person for goods and services as mobile payments lack the familiar Ease of Use of a Card & a POS. Airtel Tanzania has launched an affordable CARD & POS solution for daily small payments using Mobile Money. This Tap & Pay solution uses NFC TAG for a consumer and a specially designed ruggedised POS for any merchant in Tanzania. Within few months of launch, thousands of merchants & many more consumers, in the city of Dar es Salaam have readily adopted Tap Tap! by: www.nearex.com