TY  - JOUR
AB  - Purpose– This paper aims to consider the impact of modernizing payments systems within emerging economies.Design/methodology/approach– Focuses on the Tanzanian experience and highlights a number of important issues that emerging economies face in undertaking such reforms. The results are based on a survey of the banking sector in Tanzania.Findings– Many participants have experienced increases in efficiency, such as faster transaction speeds, quicker settlement times, and a reduction in errors and fraudulent transactions. However, the Tanzanian case has also highlighted the importance of sufficient legal reform for both the banking sector and their customers. Finally, the findings show that clear roles for participants and well‐defined rules and regulations are essential for effective payments systems.Originality/value– The paper adds value as it considers the impact of banking reform and modernization of payments systems from the perspective of the participants within the industry. The findings will be of value to those in the banking sector in emerging economies and gives useful insights into the Tanzanian experience.
VL  - 14
IS  - 1
SN  - 1358-1988
DO  - 10.1108/13581980610644798
UR  - https://doi.org/10.1108/13581980610644798
AU  - Clacher Iain
AU  - Doriye Joshua
AU  - Mohamed Suleiman R.
AU  - Satta Tadeo
PY  - 2006
Y1  - 2006/01/01
TI  - Challenges facing banking in emerging markets: A case study of the Tanzanian national payments systems
T2  - Journal of Financial Regulation and Compliance
PB  - Emerald Group Publishing Limited
SP  - 112
EP  - 118
Y2  - 2024/09/21
ER  -