DAR ES SALAAM, July 30 -- TANZANIAS transition towards a cashless economy is gathering pace, with cross-border digital card payments recording a 201 per cent increase in transaction value and a 113 per cent rise in transaction volume, signalling growing public confidence in secure electronic payments.

The growth was recorded during a digital payments campaign by Stanbic Bank Tanzania and Visa, coinciding with the governments push to expand cashless transactions across key sectors under the National Financial Inclusion Framework (2023-2028).

The campaign also registered a remarkable 3,082 per cent increase in card activation by transaction volume and a 449 per cent rise in activation value, reflecting a sharp increase in the uptake of di...