Tanzania, May 4 -- Dar es Salaam. Mobile money loans are transforming access to finance in Tanzania, offering millions of users instant cash at the touch of a button to meet emergencies and daily needs.

However, experts warn that limited understanding of interest rates and loan conditions could expose borrowers to growing financial risks as uptake increases.

From paying hospital bills to fuelling motorcycles and restocking small shops, the speed and convenience of digital lending has made it a key financial lifeline, particularly for people excluded from traditional banking systems.

However, as usage expands, concerns are rising over whether users fully understand the costs and conditions attached to these loans. Experts caution that l...