Friday, April 19

Government Cuts Mobile Money Transaction Charges by 30pc

The statement added that newly reduced rates will be officially announced in the Government Gazette today

TEL AVIV, Israel, September 1, 2021/APO Group/ —

Tanzania’s Government has reduced mobile money transaction levy by 30 percent. A press statement issued by the Ministry of Finance and Planning Tuesday stated that Minister Mwigulu Nchemba has already signed the review of the charges.

Also, the Government held a meeting with mobile service providers, who have unanimously agreed to cut down mobile money interoperability rates by 10 percent

Following concerns and views from the public, claiming that the deductions were too high, President Samia Suluhu Hassan directed two Ministers (Finance and Planning Minister and Minister for Communications and Information Technology) to sit down and work on the matter.

The statement added that newly reduced rates will be officially announced in the Government Gazette tomorrow, (1st Sept, 2021). “Also, the Government held a meeting with mobile service providers, who have unanimously agreed to cut down mobile money interoperability rates by 10 percent,” it stated. Continue reading