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The Move By the Central Bank to Regulate Mobile Services Lauded

African or black American woman calling or texting on mobile cellphone telephone in office

The move by the Central Bank to regulate companies providing mobile financial services in the country starting next month have been welcomed with open arms by different stakeholders.

A rice wholesaler in Sinza, Mr Godfrey Mangi, said that the move by the Bank of Tanzania (BoT) to start regulating these providers will be a big boost to users.

Mr Mangi said that mobile finance services have created numerous opportunities and that with opportunities come people who want to make a quick buck without using proper channels.

For more on this story visit the following link: The Move By the Central Bank to Regulate Mobile Services Lauded

Source: payments afrika

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