Stakaba Technologies, a Tanzanian fintech company, has launched a suite of digital payment services to boost financial inclusion and support Tanzania’s transition to a cashless economy. Founded by entrepreneur Philip Mchau, the platform offers secure digital payments, agency banking, card issuance, bill payments, e-commerce integration, and remittance solutions.
Stakaba aims to empower all Tanzanians, from urban vendors to rural farmers, by connecting them to modern financial systems. With over 50 million registered mobile money accounts and annual transactions exceeding Sh100 trillion, the company plans to onboard 30,000 agents and merchants by 2027, positioning itself as a key player in East Africa’s digital transformation.
Despite Tanzania’s growing digital finance landscape, about 60% of the population remains underserved by formal banking. Stakaba’s launch addresses this gap, providing financial tools and opportunities for empowerment, dignity, and inclusive economic growth across the country.
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