Urgent.News

What's breaking now, across thousands of outlets.

Business

Tanzania: Cash Still King in Public Transport Despite Four-Year Digital Push

[Daily News] Dar es Salaam -- CASH remains overwhelmingly king across Tanzania's public transport sector, with electronic transactions accounting for only 6.8 per cent of fares collected over the past four years, official data show.

In Tanzania, cash remains the primary form of payment for public transport despite a four-year digital payment push, according to official data. The Land Transport Regulatory Authority (LATRA) reports that electronic transactions accounted for just 6.8% of fares collected, with 62.18 million passengers recorded through online ticketing systems.

Of these, 95.3% paid their fares in cash, while only 4.7% utilized digital payment channels. In monetary terms, cash payments contributed 1.99 trillion Tanzanian Shillings (tri/-) of the 2.13 trillion tri/- collected, while electronic payments amounted to 144.28 billion tri/-, representing 6.8% of the total. The figures highlight the disparity between the policy drive towards digital payments and their adoption in the transport sector, despite the Electronic Transactions Act (Cap.

442) mandating electronic transactions for several services, including bus rapid transit, long-distance buses, ferries, and ride-hailing platforms. LATRA Director General Habibu Suluo acknowledged the challenges of increasing digital adoption but noted that operators and the government are gradually recognizing the transparency benefits of electronic payment systems.

Written by urgent.news from AllAfrica's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at allafrica.com →

More in Business

AfCFTA implementation hurdles threaten gains for African businesses

Mene said fragmented systems across African markets continue to increase the cost and complexity of doing business, despite the creation of a single continental market intended to expand opportunities…

  • AfCFTA implementation faces fragmented systems, increased costs, and complexity
  • Cross-border payments, customs processes, and infrastructure need improvement
  • Currency conversion costs linked to intra-African trade estimated at $5 billion annually

More from Friday 25 September →