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Mobile Money Subscriptions in Tanzania hit an all-time high of 44.35 million subscribers. This was counted till March 2023 by the Tanzania Communications Regulatory Authority (TCRA). This is an indication of a growth in financial inclusion, as more people are using mobile money services to send, receive, and store money.
Mobile Money Subscriptions in Tanzania hit an all-time high of 44.35 million subscribers. This was counted till March 2023 by the Tanzania Communications Regulatory Authority (TCRA). This is an indication of a growth in financial inclusion, as more people are using mobile money services to send, receive, and store money.
TCRA shows that the number of subscribers recorded during the three quarters of the 2022/2023 fiscal year from July 2022 to March 2023, is higher than the total subscribers recorded in both 2020, 2021, and 2022. According to the new statistics in 2020, there were 32.26 million subscribers, which went up to a record 35.28 million subscribers in 2021 and then 40.95 million subscribers in 2022. The number of subscriptions has also been increasing at an average rate of 13 percent per year.
Vodacom continues to hold the largest share of the mobile money market share at 36 percent of mobile money accounts in the market, followed by Tigo with 31 percent, Airtel with 21 percent, Halotel with 9 percent, and TTCL with a market share of 3 percent. In terms of transactions, the data shows that the number of transactions has been increasing for the past three years from 3.4 billion in 2020 to 4.2 billion in 2022.
Read Also:
https://trendsnafrica.com/mobile-money-transactions-in-tanzania-hit-sh140-9-trillion-mark-in-2022/
https://trendsnafrica.com/tanzania-registers-smart-growth-in-mobile-money-users/
https://trendsnafrica.com/tanzania-goes-up-on-moodys-credit-rating/
Though the current value of transactions has yet to be revealed by TCRA, previous data has shown that by December 2022 the annual value of mobile money transactions stood at Sh13.89 trillion.
