People in Tanzania can now make payments for various goods and services using QR codes. This is the result of a partnership between Mastercard and Tigo which will give Tanzanians the ability to use their Tigo Pesa app to make QR payments with Masterpass QR.
The interoperable QR payments solution is now live in Tanzania at various stores, restaurants and retail outlets.
“We are extremely proud to be the first and only mobile operator in Tanzania to offer this service to our consumers. This innovation has come at the right time as we are broadening our Tigo Pesa ecosystem. We envisage Tigo Pesa becoming a fully-fledged financial service provider where customers are able to perform a variety of transactions. With millions of Tanzanian’s preferring to use their mobile devices to pay for goods and services Masterpass QR will provide them with a fast, easy to use and secure way to pay for goods and services,” said Simon Karikari, Managing Director, Tigo Tanzania.
One of the benefits of QR payment solutions, like many other mobile money solutions, is that consumers dont need to carry cash around. The only requirement is ensuring you have your smartphone with you to scan the QR code displayed at store checkout in order to make payment.
“Our focus is to help Tanzania become a strong digital economic hub in Africa, and through the introduction of relevant technology innovation we will help displace the use of cash and create a more convenient and secure payment sector. The partnership between Mastercard, Tigo and Selcom is a game changer for the country, and will help shape a new digital age of commerce in Tanzania,” said Raghav Prasad, Division President for Sub-Saharan Africa at Mastercard.
The roll-out of the QR payments solution in Tanzania was initially announced in March 2018. Tigo already has approximately 7 million registered wallet holders of the Tigo Pesa solution in Tanzania who will now have access to the QR Masterpass solution.