Mastercard expands reach of digital wallets with Pay Local service

Mastercard and pan-African digital payments company Onafriq announced on Monday that they are collaborating to increase accessibility to mobile payment services for consumers and small and medium enterprises (SMEs) across Africa.

The number of active mobile money accounts in Tanzania has reportedly more than doubled in the last five years up to the end of 2023, according to the latest figures from the Tanzania Communications Regulatory Authority (TCRA).