Making Tanzania a Cashless Society

Science and technology, expansion of business ideas and channels across the world have caused the discovery of easiest, comfortable and convenient means of making payments. The same has also been pushed by the life styles of societies and the aspect of globalization as well. Today, making payment has been made so simple to the extent that a million dollar bill can be made by a single click of a mobile phone button or by inserting few numbers into the payment system. It becomes very difficult then to draw a picture of how barter trade was carried out when you compare with these sophisticated means of making payments. This book discusses the experience of Tanzania in East Africa in making itself a cashless society. A lot has been done to creating level playing field in telecommunication and banking sector. Legal challenges have been discussed in length and lessons from other jurisdictions have been drawn in order to get a wider picture of how to live cashless. This book is suitable for law students, information technology practitioners as well as policy and decision making bodies. It is also useful for investors in the field of finance, electronic finance in particular.