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Tanzania and Rwanda launch cross-border payment link for real-time, low-cost transfers.
The East African Community has launched a pilot project linking Tanzania’s and Rwanda’s payment systems, enabling real-time, low-cost transfers between bank accounts and mobile wallets.
The initiative, tested in Kigali, aims to create a regional instant payment network, improving cross-border trade and financial inclusion.
A week-long technical meeting is underway to finalize frameworks for expanding the system to all EAC member states.
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Tanzania y Ruanda lanzan un enlace de pago transfronterizo para transferencias en tiempo real y a bajo costo.