DODOMA, April 28 -- THE government relies on competition—not price controls—to bring down the cost of mobile money, even as transaction fees remain a concern for users.

Minister for Finance Ambassador Khamis Mussa Omar told the National Assembly yesterday that the Bank of Tanzania (BoT) has licensed 113 payment service providers as of March 2026, to boost competition and improving efficiency in the countrys electronic payment systems.

The approach signals the governments preference for a liberalised market model, despite calls from lawmakers to impose fixed caps on person-to-person transaction fees.

Responding to Kinondoni MP Tarimba Abbas, Omar said regulators are instead focusing on targeted interventions, such as fee cap...