DAR ES SALAAM, Feb. 25 -- THE global payments giant, Mastercard, and local fintech firm Instant Pay have entered into a strategic partnership aimed at fast-tracking Tanzanias digital payments transformation agenda.

The agreement today at Instant Pays headquarters in Morocco, Dar es Salaam, marks a major step toward expanding secure, inclusive electronic payment solutions across key sectors of the economy.

The partnership led by Instant Pay Chief Executive Officer Anwar Rugaza and Mastercards Senior Vice President and Country Manager for East Africa, Shehryar Ali is expected to strengthen Tanzanias transition to a modern, cashless economy by enhancing efficiency, transparency, and access to financial services for both citizens and instit...