Tanzania Payment Methods & Currency Exchange Guide

Tanzania uses the Tanzanian Shilling (TZS) as its official currency. Cash is widely used, especially outside major cities, but electronic payments are increasingly accepted in urban areas and tourist destinations.

• Official currency: Tanzanian Shilling (TZS)
• Payment methods: Cash is predominant; major hotels, restaurants, and shops in cities accept Visa and Mastercard credit/debit cards. Mobile money services (e.g., M-Pesa, Tigo Pesa, Airtel Money) are common for local transactions.
• Contactless/mobile wallets: Limited acceptance of Apple Pay, Google Pay, and Alipay. Mobile money is more prevalent than international wallets.
• ATMs: Widely available in cities and airports; most accept international cards (Visa, Mastercard). Rural areas may have limited access.
• Currency exchange: Available at banks, airports, and licensed exchange bureaus. US dollars (USD) are widely exchanged; euros (EUR) and British pounds (GBP) are also accepted at major locations.
• Foreign currency restrictions: Large cash transactions may require documentation. Payments in foreign currency are generally not accepted for local purchases.
• Cash import/export limits: Up to TZS 5,000 and USD 10,000 (or equivalent) can be brought in or taken out without declaration. Amounts above must be declared to customs.
• Transaction fees: Foreign card withdrawals may incur fees (typically 3–5%). Some merchants add surcharges for card payments.
• Common issues: Notify your bank before travel to avoid card blocks. Carry small denominations for rural areas. ATMs may run out of cash during peak times.
• Major banks: CRDB Bank, NMB Bank, Standard Chartered, Barclays (Absa), Exim Bank.
• Regulations: The Bank of Tanzania regulates currency exchange and payment systems. Travelers should check for updated advisories before arrival.