Tanzania, June 24 -- Dar es Salaam. Financial experts have expressed mixed reactions to Tanzania's accelerated push towards a cash-lite economy, following the government's decision to make digital payments mandatory across key sectors from July 2026.

While some economists describe the move as a milestone for transparency and efficiency, others warn that gaps in infrastructure, cybersecurity, affordability, and financial inclusion could undermine its success.

Presenting the 2026/27 national budget in Parliament on June 11, 2026, the minister for Finance, Khamis Mussa Omar, said the reforms are aimed at deepening digital transformation, improving transaction efficiency, curbing financial crime, strengthening transparency, and reducing the...