Over the past five years (2020–2024), Tanzania’s ATM infrastructure expanded by 48.7%, increasing from 1,462 ATMs in 2020 to 2,174 ATMs in 2024. This growth supported a rise in ATM transactions, which peaked at 75 million in 2023 before declining by 5.63% in 2024 to 70.79 million. Similarly, the value of ATM transactions grew significantly, reaching TZS 13.9 trillion in 2023, but experienced a slight 0.77% decline in 2024. These trends indicate increased ATM accessibility but also suggest a possible shift towards digital and mobile banking solutions.

Tanzania's ATM infrastructure and usage have seen notable fluctuations from 2020 to 2024, reflecting shifts in banking behavior and digital payment trends.

• The number of ATMs increased from 1,462 in 2020 to 2,174 in 2024, a 48.7% growth over five years. The most significant increase occurred in 2022 (30.81%), while 2021 saw a slight decline (-1.44%).
• ATM transactions peaked in 2023 at 75.01 million but dropped by 5.63% in 2024, settling at 70.79 million. This decline suggests a shift towards alternative digital payment methods.
• The value of ATM transactions surged by 41.64% in 2023, reaching TZS 13.9 trillion, before slightly decreasing by 0.77% in 2024 to TZS 13.79 trillion.

ATM transactions in Tanzania from 2020 to 2024:

Table: ATM Transactions in Tanzania (2020–2024)

Key Observations

• The number of ATMs grew by 48.7% over five years, from 1,462 in 2020 to 2,174 in 2024, with the largest growth occurring in 2022 (30.81%).
• ATM transactions peaked in 2023 at 75.01 million but declined by 5.63% in 2024, signaling a possible shift to digital payment methods.
• The value of transactions followed a similar pattern, peaking at TZS 13.9 trillion in 2023 before slightly declining to TZS 13.79 trillion in 2024.