Tanzania Starts Mobile Money Transfer Cross-Border Service With Rwanda

Tigo Tanzania, among the 4 mobile phone operators active in Tanzania and supplying Mobile Money Transfer Services expanded its Tigo Cash money service to cross-border operations with Rwanda.

Tigo customers in both Tanzania and Rwanda will now be able to transfer money from their Tigo Cash accounts to other Tigo subscribers in both countries.

A forex system included in the service to ensure that the money is sent by the remittent in its own currency and is delivered in the currency of the receiver, whether TZS or  RWF.

The Tigo brand is part of Millicom International Cellular S.A. (MIC) which serves more than 30 million customers in 13 emerging markets in Africa and Latin America.

Want to know more about Finance in Tanzania? Our free Tanzania Business and Investment Guide 2026 covers Finance, plus regulations, key sectors, and investment opportunities—all in one place.

Download Free Guide
Related Posts
Bank of Tanzania Financial Stability Index 2014-2025
Read More

Tanzania Banking Assets Up 23.8%, Capital Markets Up 35.1%, Social Security Up 21.4%, Insurance Up 6.8% in 2025

The Bank of Tanzania Financial Stability Report for 2025 shows banking sector total assets grew 23.8% to TZS 76,975 billion, private sector credit expanded 23.5% with mining up 30.1% and trade up 29.4%, and the non-performing loans ratio fell to 2.8%, the lowest in the East African Community. Total capital market investment rose 35.1% to TZS 63,096.4 billion, social security assets grew 21.4% to TZS 25,921 billion, insurance assets rose 6.8% to TZS 2,633.6 billion, and foreign reserves stood at USD 6,312 million covering 5.2 months of imports.
Tanzania Second Financial Sector Stakeholders Forum
Read More

Tanzania Outlines Eight Financial Sector Priorities From Climate Finance to Islamic Banking and Launches Insurance Strategies to Raise Sector GDP Contribution to 30%

Tanzania's Finance Minister Khamis Mussa Omar has outlined eight financial sector priorities—from climate finance and Islamic banking to digital asset regulation and SME capital access—and launched two new insurance strategies. The National Inclusive Insurance Strategy (NIIS) targets agriculture, livestock, fisheries, mining, and forestry, while the RIDeS aims to raise insurance's GDP contribution from 22% to 30%.