Tanzania, March 30 -- Dar es Salaam. Tanzania's drive towards a modern, digital economy is gathering pace, with the Bank of Tanzania (BoT) emphasising that efficient and inclusive payment systems are central to economic transformation and financial inclusion.

Deputy Governor in charge of Economic and Financial Policies, Dr Yamungu Kayandabila, made the remarks while addressing Master of Business Administration (MBA) students from Stanford University during their visit to the Bank in Dar es Salaam.

"Payment systems contribute to inclusive economic growth by enabling payments and settlements that support supply chains and underpin financial sector stability," Dr Kayandabila said.

He said that well-functioning systems not only facilitate ...