The PSP licence affirms Tuma’s adherence to stringent regulatory standards and unlocks its ability to offer a comprehensive suite of financial services in Tanzania.
This development builds upon Tuma’s foundation as a licensed Payments Institution in the UK, which is the cornerstone of its remittance operations in East Africa. The company is committed to regulatory compliance, innovation, and excellence in financial services across its markets.
In September 2024, Tuma partnered with Interswitch, a Nigerian fintech company, to introduce Tumatap—a new contactless payment solution in Kenya. This partnership aims to make payments smoother for merchants and customers, especially for Micro, Small, and Medium Enterprises (MSMEs).