Mobile money subscriptions nearly double in four years

According to the FinScope Tanzania 2023 survey, mobile money adoption increased from 60 percent in 2017 to 72 percent in 2023. PHOTO | file

Dar es Salaam. Mobile money subscriptions in Tanzania have nearly doubled over the past four years, signalling a major shift in how citizens interact with financial services, agriculture, education and even politics.

In 2020, the country recorded just over 32 million active mobile money subscriptions. By 2024, that figure had almost doubled to 63 million.