Laws and Regulations

The Bank of Tanzania is empowered by the National Payment Systems (NPS) Act 2015 to regulate the Payment Systems (NPS) and promote sound banking and financial system that includes; the payments, clearing and settlement systems conducive to the development of the national economy. The Act is further supported by the powers under the Bank of Tanzania Act 2006 which broadly allows the Bank to supervise the payment systems services and products offered by both banks and non-bank institutions.

The Bank of Tanzania issues circulars and guidelines to ensure that the payment systems operations in the country are running smoothly . Various stakeholders are also involved in the formulation of Payment systems Acts and Regulations.