Tuma Ventures enters Tanzania with new PSP licence approval
- Tuma Ventures granted PSP licence by the Bank of Tanzania.
- Expansion of financial services in Tanzania including real-time payment processing.
- Partnership with Interswitch to introduce Tumatap contactless payment solution in Kenya.
Tuma Ventures' licensing in Tanzania represents a pivotal moment for fintech innovation in East Africa, particularly in enhancing financial inclusion. The company's commitment to regulatory compliance and technological advancement positions it well to meet the growing demand for accessible financial services. This trend of fintech expansion in Tanzania is promising and could significantly improve the economic landscape.
