Make cash transfer fees competitive to lure forex

One of the most exciting aspects of Tanzanian football leagues is the system of promotion and relegation.

Tanzania has got a new money transfer platform.Known as Dau-Pesa, it was launched yesterday by the Informal Sector Workers Union to enable people to make payments for various services such as Luku, Dawasco, DSTV and Zuku.

Customers of three major mobile phone networks in the country -- Zantel, Tigo and Airtel -- will soon start sending money across the networks.

The cost of transferring bulk funds across commercial banks in Tanzania, Kenya and Uganda fell tremendously during the past eight months, thanks to the introduction of a new payment system.

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