Payment rail · Tanzania
Payment rail · TanzaniaWhat is TISS?
TISS — the Tanzania Inter-bank Settlement System — is Tanzania’s system for high-value and time-sensitive shilling payments, settling in real time on a gross basis, owned and operated by the Bank of Tanzania. Poplin pays out to Tanzania over TISS, settling within two business days at the latest.
Source: Bank of Tanzania (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Tanzania clears over
TISS
settles within two business days · 1% + $1.00 on a business account
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over TISS — and what Poplin charges to send.
Settlement
2 days
a ceiling, not the typical time
Reaches
1
country — Tanzania
Paid out in
TZS
Tanzanian shilling
Business fee
1%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How TISS payouts move.
From your US-dollar balance to an account in Tanzania — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Tanzanian shillings at the mid-market rate — no markup added.
Cleared over TISS
Poplin clears the payout over TISS, Tanzania’s interbank settlement system.
Arrives inside the window
TISS settles within two business days — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where TISS reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
// related rails
Other schemes that take longer.
TISS — FAQ
Basics
What is TISS?
TISS — the Tanzania Inter-bank Settlement System — is Tanzania’s system for high-value and time-sensitive shilling payments, settling in real time on a gross basis, owned and operated by the Bank of Tanzania. Poplin pays out to Tanzania over TISS, settling within two business days at the latest.
Speed
How long do TISS payouts take?
Over TISS, Poplin payouts settle within two business days. Payments leave your account in seconds; TISS then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over TISS with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 1% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Which countries does Poplin reach over TISS?
TISS is how Poplin pays out to Tanzania, in TZS.
Send US dollars to Tanzania over TISS.
Open a US-dollar account in minutes. No monthly fees.