a report produced by the GSMA analysing the impact of the levy on Mobile Money services<\/a>,\u00a0it is clear that Mobile Money is a key driver of socio-economic growth, creating employment, driving business productivity, facilitating savings and facilitating investment, contributing to formalising the economy, and providing stability during economic downturns.<\/p>\nIt is also the main driver of financial inclusion, contributing directly to Tanzania\u2019s economic growth and social development objectives. As set out in Tanzania\u2019s National Financial Inclusion Framework, \u201cmobile money services have been the main driver in the provision of financial services to the under-served especially women and people living in rural areas\u201d.<\/p>\n
The benefits of this positive impact will be realised across various sectors of the economy and will lead to a boost in Tanzania\u2019s GDP; a key measure of economic growth.<\/p>\n
The GSMA urges other governments in the Sub-Saharan Africa region to emulate this and reduce sector-specific taxes in order to accelerate digital and financial inclusion in the region.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Through the Finance Act 2022, the government of Tanzania has introduced a further 43% reduction in the mobile money levy in Tanzania. The GSMA congratulates the Government of Tanzania and acknowledges this as a remarkable move by the Government in ensuring that mobile and mobile-enabled solutions are at the centre of Tanzania\u2019s Digital Transformation agenda. […]<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15],"tags":[],"algolia_discover_type":[2216],"class_list":["post-5551","post","type-post","status-publish","format-standard","hentry","category-news","algolia_discover_type-article"],"yoast_head":"\n
The Reduction of Mobile Money Levy in Tanzania - GSMA Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gsma.com\/about-us\/regions\/africa\/the-reduction-of-mobile-money-levy-in-tanzania\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Reduction of Mobile Money Levy in Tanzania - GSMA Africa\" \/>\n<meta property=\"og:description\" content=\"Through the Finance Act 2022, the government of Tanzania has introduced a further 43% reduction in the mobile money levy in Tanzania. The GSMA congratulates the Government of Tanzania and acknowledges this as a remarkable move by the Government in ensuring that mobile and mobile-enabled solutions are at the centre of Tanzania\u2019s Digital Transformation agenda. 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The GSMA congratulates the Government of Tanzania and acknowledges this as a remarkable move by the Government in ensuring that mobile and mobile-enabled solutions are at the centre of Tanzania\u2019s Digital Transformation agenda. 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<\/p>\n