The Tanzania Instant Payment System (TIPS) was created to replace a costly and inefficient network of bilateral integrations between banks and mobile money providers. Prior to TIPS, limited interoperability constrained the ability of users and businesses to transact seamlessly across different digital financial service providers.
TIPS delivers a fully interoperable instant payment platform connecting banks and non‑banks through modern technical architecture and real‑time settlement. By integrating a national merchant directory, standardized QR codes, and a settlement model that minimizes liquidity requirements for participants, TIPS has scaled rapidly and now processes hundreds of millions of transactions annually, demonstrating how inclusive instant payments can drive widespread adoption and everyday usefulness