A. INTRODUCTION
The Bank of Tanzania Act, 7006 and the Banking and Financial Institutions Act. 2006 mandate the Bank of Tanzania (BCH) to license regulate and supervise Banking Institutions in Tanzania. As a regulator, 1301 is entrusted with the responsibility of Ensuring stable, sound and safe banking sector and financial system at large. In discharging this responsibility, it is in the interest of 1301 to ensure that the financial system stimulates financial inclusion as an important means for alleviating poverty and promoting a country’s broader economic development this responsibility to promote financial inclusion is a relatively new and a different role for banks and financial institutions and requires a transformation in the conventional banking business.
