In two paragraphs explain problem statement on mobile phones transaction in Tanzania?

The problem statement on mobile phone transactions in Tanzania revolves around the lack of accessibility and affordability for a significant portion of the population. While mobile phone usage has increased rapidly in the country, a large number of individuals still do not have access to mobile phones or face challenges in using them for financial transactions. This digital divide creates a barrier for those who rely on cash-based transactions and limits their ability to participate in the formal economy.

Additionally, the cost of mobile phone transactions in Tanzania is often high, especially for low-income individuals. Service providers charge fees for mobile money transfers, making it expensive for people to send and receive money digitally. This high cost discourages the adoption of mobile phone transactions and hinders financial inclusion efforts in the country. The problem statement, therefore, highlights the need for increased accessibility and affordability of mobile phone transactions to ensure that all Tanzanians can benefit from the convenience and efficiency of digital financial services.