Today more than five in 10 Tanzanians (54%) are financially included, mainly through mobile money accounts (53%). Tanzania has a largely rural population, which makes access to financial services a challenge and digital solutions ideal. The World Bank reports 70% of the population resides in rural areas, and FII data shows that less than one-third (29%) of the rural population have active accounts (used in the last 90 days), whereas urban citizens are twice as likely to have actives accounts (61%). Approximately 76% of Tanzanians live on less than $2 per day, with three-quarters of Tanzanians employed in the agriculture sector, according to World Bank data.  Making gains among these groups is key to improving Tanzanians’ financial lives.

Financial Inclusion

Total Financially Included
Financial Inclusion Breakdown By Accounts
Account Ownership By Year
52% of Tanzanian adults use a mobile phone for advanced functions.

Mobile Phones

Mobile Phone Ownership
Advanced Phone Use By Gender
Advanced Phone Use By Urbanity
Advanced Phone Use By Poverty Level
68% of Tanzanian adults experience economic vulnerability.

Mobile Money Use

Total Registered Users
By Gender
By Poverty Level
By Urbanity
50% of Tanzanian adults currently have savings.

True or false

Mobile money usage is highest among men in Tanzania.

True (64% men vs. 43% women)

True or false

Which demographic group was least likely to own a bank account in 2016?

A. Rural & B. Below the poverty line (both 4%)

True or false

Financial inclusion in Tanzania is primarily through nonbank financial institutions (NBFIs).

False (mobile money 53% vs. NBFIs 3%)

True or false

Registerstration of mobile money increased between 2014 and 2016.

True (it increased from 38% to 53%)

True or false

Active mobile money use increased sharply from 2014 to 2016.

True (it increased from 34% to 53%)

Registered mobile money use is highest among which demographic group?

A. Urban
B. Male
C. Above the poverty line
D. Youth
C. Above the poverty line (63%)