Dar es Salaam, Feb. 11 -- DAR ES SALAAM: Selcom Microfinance Bank Tanzania Limited has launched ‘Selcom Pesa, a digital financial service aimed at driving economic and digital transformation in the country.

Bank of Tanzania Governor, Mr Emmanuel Tutuba, stated that the initiative is expected to yield positive outcomes for the financial sector and boost Tanzanias digital economy.

“The platforms launch highlights Tanzanias significant progress in financial inclusion, with a notable increase in citizens using formal financial services,” he remarked.

Mr Tutuba also called on other service providers to take advantage of government initiatives such as TIPS, which contribute to reducing operational costs and providing more a...