DAR ES SALAAM, July 31 -- VICE-PRESIDENT Dr Philip Mpango has underscored the importance of adopting digital financial systems to boost efficiency and reduce reliance on cash-based transactions.

Speaking during the launch of the Bank of Tanzanias new Integrated Core Banking System (iCBS) in Dar es Salaam yesterday, he said that digital platforms offer significant economic benefits for both individuals and the nation.

“Using digital systems is crucial for improving efficiency, transparency and security in financial transactions, while also reducing the risks associated with cash reliance,” he said at the launch of the system aimed at enhancing the efficiency and security of financial services in the country.

He also undersco...