National Payment Systems Regulation and Supervision for Banks, Financial Institution and MNOs

Class Description

TRAINING ON NATIONAL PAYMENT SYSTEMS REGULATION AND SUPERVISON
FOR BANKS, FINANCIAL INSTITUTIONS AND MOBILE NETWORK OPERATORS
(MNOs) FROM 6th TO 10th MAY 2024 AT BOT ARUSHA BRANCH

A. INTRODUCTION
The Bank of Tanzania Act, 2006 and the Banking and Financial Institutions Act, 2006
mandate the Bank of Tanzania to license, regulate and supervise banks and financial
institutions in Tanzania. As a regulator, the Bank of Tanzania is entrusted with the
responsibility of ensuring stable, sound and safe banking sector and financial system at
large.
Recently, banks, financial institutions and MNOs perform various transactions such as
payments using transfers to customers and different companies in their trading activities
both domestically and internationally. This necessitated the need to be equipped with the
contemporary knowledge and skills on the National Payment Systems Regulation.
Furthermore, the payment systems are now widespread and gaining popularity as the
number of users from the banks, financial institutions and MNOs has kept on increasing
from day-to-day therefore, banks, financial institutions and MNOs’ practice to these
systems should be emphasized so as to apply best practices and comply with the given
regulation.
In view of the above, the Bank of Tanzania Academy has organized five (5) days training
on National Payment Systems Regulation and Supervision for banks, financial institutions
and mobile money operators to be conducted at the Bank of Tanzania Arusha branch from
6th to 10th May 2024.

B. OBJECTIVE OF THE COURSE
The objective of this course is to impart necessary skills and knowledge to participants from
Banks, Financial institutions and MNOs in the National Payment Systems Regulation
Framework. In addition, the participants will be equipped with other strategic and
competency skills required for operations and monitoring of National Payment Systems.

C. CONTENTS OF THE COURSE
a. Overview of National Payment Systems
✓ Payment systems vision, mission and objective
✓ Payment systems landscape – a case of Tanzania
• Large payment
• Retail payment
• Digital Financial Services
b. National payment Systems Regulatory Framework
✓ National Payment Systems Act 2015
✓ Payment System Licensing Approval Regulations 2015
✓ Electronic Money Regulation 2015
c. Oversight – Enforcement of Regulatory Framework
✓ Licensing – (payment Systems Providers and Electronic Money Issuers)
✓ Prudential Onsite – RBOF
✓ AML/CFT Onsite
✓ Targeted Onsite
✓ Regulatory Returns – Banks and Non-Banks

D. TARGET GROUP
This course is designed specifically for officers and personnel of banks, financial
institutions and MNOs involved in Payment Systems functionality.

E. SCHEDULED DATES AND DURATION
Five (5) days: From 6th to 10th May 2024. First Day Registration starts at 08.30 A.M.

F. COURSE FACILITATORS
This course will be facilitated by the Bank of Tanzania Academy.

G. VENUE
Bank of Tanzania Arusha Branch.

H. FEES
The fee for each participant is TZS 1,000,000 for residents or USD 1,000 for nonresidents covering tuition, course materials, lunch, and mid-session refreshments.
Participants will be responsible for their travel costs and upkeep. Please make the
payment of your fees using the following channel:
Local Participant account details
Bank Transfer through TISS
Transferee Bank: Bank of Tanzania
Account Number: 9944713006
Account Name: Course Fees
Swift Code: TANZTZTXXXX
Foreign Participant account details
Bank Name: Citibank
Bank Swift Code: CITIUS33
Account Holder: Bank of Tanzania
Account Number: 36113007

I. MODE OF APPLICATION
Send a letter, e-mail, or make a phone call to the Academy through any of the mentioned
contacts below. The course will accommodate 25 participants and the principle of first
come first served will apply. Applications should reach us at least two (2) working days
before commencement of the course.

All applications should be addressed to:
The Principal,
Bank of Tanzania Academy,
P.O. Box 131, Capri-Point,
MWANZA
+255 (0) 28 2 500 982/709/983 +255 (0) 28 2 503 380
Email: academy@bot.go.tz