Tanzanian Shilling
Fiat currency used across payment methods, banks, and markets on Processed.
Exchange rates
Baselines versus USD and EUR
Update time unknown
US Dollar
Rate unavailable
Euro
Rate unavailable
Countries using TZS
Markets where this is an official or listed currency.
Payment methods supporting TZS
Methods that list this currency in their coverage.
Mixx by Yas (formerly Tigo Pesa)
Mixx by Yas is the mobile-money service in Tanzania formerly known as Tigo Pesa. Following Axian Telecom's takeover, Tigo Tanzania rebranded to Yas and Tigo Pesa became Mixx by Yas in November 2024, offering transfers, payments, loans and savings.
Airtel Money
Airtel Money is Kenya's second-largest mobile money provider, holding approximately 6.6% market share as of 2024 (up from 2.8%). It operates similarly to M-Pesa and enables money transfers, bill payments, and merchant payments via USSD and the Airtel Money app.
M-Pesa
M-Pesa is Kenya's transformative mobile money service, launched by Safaricom in 2007. It enables users to send money, pay bills, buy goods, and access financial services via a basic mobile phone — no smartphone or bank account required. With over 30 million active users and 93% market share in Kenyan mobile money, M-Pesa is the default payment method for a large portion of the population and is deeply integrated into e-commerce via the Daraja API and third-party gateways like Flutterwave and Pesapal.
Selcom Pay
Selcom Pay is Tanzania's largest payments platform offering wallet, QR and Pay-by-Link options for online and in-store consumer payments. Operator: Selcom (Selcom Microfinance Bank). Est. users: Thousands of merchants; broad user base (2024).
Tingg
Tingg is Cellulant's consumer payments app and checkout that aggregates mobile money, cards and bank rails across eight African markets. Operator: Cellulant Corporation. Est. users: Large pan-African user base (2024).
Chipper Cash
Chipper Cash is a pan-African wallet for free cross-border transfers, bill pay, virtual cards and online payments across seven markets. Operator: Chipper Technologies Inc. Est. users: 7M+ users (2024).
Banks supporting TZS
Banks that list this currency in their coverage.
Equity Bank Kenya
Equity Bank is Kenya's largest bank by customer base (over 20 million), offering retail, SME, and corporate banking with operations across East Africa.
KCB Group Kenya
KCB (Kenya Commercial Bank) Group is East Africa's largest bank by total assets, with operations in 7 East African countries.
CRDB Bank Tanzania
CRDB Bank is Tanzania's largest bank by assets and deposits, offering retail, SME, and corporate banking.
Other Banks — Tanzania
Aggregate of remaining banks in Tanzania, collectively ~75.0% of domestic banking assets.