The NPS vision is to put in place a modern payment system that is effective, efficient, secure and compatible with internationally recognized payment systems.
The NPS mission is to have a payment system characterised by the following features:-
The most popular payment medium is cash. It is generally acceptable everywhere as a legal tender and is suitable for small value transactions. With the expansion of the economy and development of commercial banking, computer and communication technology, other non-cash payment instruments have been introduced. The non-cash instruments may be further classified under the following: -
Stakeholders are those that have an interest in the NPS. This definition includes those that own, provide, manage or use components of the system, or take ultimate responsibility thereof. The major stakeholders are
Bank of Tanzania; as the monetary authority in Tanzania, fulfils a pivotal role in the economy and, specifically, in the NPS.
Financial Institutions: Commercial banks and registered financial institutions under the BOT act
Other stakeholders included in the payment system are: