Send money from Singapore to Tanzania
Cashew and sesame bought out of Mtwara and Dar es Salaam are paid for in Tanzanian shillings. Grey converts a Singapore balance into TZS and pays CRDB Bank, NMB Bank, Stanbic Tanzania or Standard Chartered Tanzania, or an M-Pesa Tanzania, Tigo Pesa or Airtel Money wallet.
SGD
TZS
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Who this corridor is for
Singapore buys a lot of Tanzanian cashew. The raw nut trade, along with sesame and pulses, puts an Asian trading house at one end of this corridor and a Tanzanian exporter, cooperative or warehouse operator at the other.
Around that sit ship agents working the Dar es Salaam anchorage, surveyors, and companies whose regional operation reports into a Singapore treasury.
The page is written for those payments first, and for the Tanzanian staff and students supported from Singapore second.
Setting up a Tanzanian payment
Sign up
Identity document, selfie, done. The account carries a USD account in your name, provided by Lead Bank, which is where the funding for Tanzania will sit.
Fund
Dollar, euro or sterling receipts from buyers, principals or an employer abroad are credited into that balance and held there.
Send
Choose a bank account or a mobile wallet, enter the number, look at the TZS total on screen and approve it.
Fee and rate, counted separately
Grey publishes the fee on one line and the applied rate on another, with the resulting TZS underneath, all before you commit.
For a trader settling several purchases in a week, that makes the total landed cost of a Tanzanian season something you can add up rather than estimate.
A fixed TZS figure from Singapore
The rate is fixed at confirmation and does not move afterwards, which matters on a currency quoted in the thousands where rounding on arrival would otherwise be invisible.
Enter the shilling amount the exporter asked for and the dollar cost is calculated and locked against it before you send.
Where an ordinary bank transfer falls down
Tanzania is not a route most Singapore banks price well. A SWIFT payment leaves in dollars, collects correspondent charges on the way, and is converted at the destination at a rate nobody quoted you. For a buyer trying to match a shilling purchase contract to a dollar debit, that is a reconciliation problem as much as a cost problem. Converting in Singapore removes both.
On the Tanzanian side
Shillings reach the recipient as a normal domestic credit. Bank or wallet, the money behaves like any local payment they already receive.
Bank accounts
Exporters, cooperatives and warehouse operators bank with CRDB Bank, NMB Bank, Stanbic Tanzania or Standard Chartered Tanzania.
Mobile money
M-Pesa Tanzania, Tigo Pesa and Airtel Money, by registered number.
Nothing to join
Grey is only needed on their side for free GreyTag transfers.
Three ways money reaches your Grey balance
Every Tanzanian payment begins with a funded account in Singapore. These routes cover almost all of this corridor.
Trade settlements
Buyers and principals pay you in USD directly into Grey.
Overseas payroll
A salary in EUR or GBP lands without touching a local bank.
Transfers from partners
A GreyTag from another Grey user credits in seconds.
Keeping the balance in dollars between purchases is the point: you decide when it becomes shillings, rather than a settlement date deciding for you.
What the money is for
Cashew and sesame purchases
Payments to exporters, cooperatives and warehouse operators during the raw nut buying window.
Port disbursements
Agency accounts for calls at Dar es Salaam and Tanga, including surveyors and stevedoring.
Local company costs
Payroll, rent and vendor invoices for a Tanzanian entity managed from Singapore.
Family and study
Monthly support and university costs sent to Dar es Salaam, Arusha and Mwanza.
These four cover the commercial weight of the corridor, with household support making up the remainder.
Why this route works on Grey
FAQs
In what currency is the payment received?
Tanzanian shillings. Grey converts in Singapore and pays TZS locally, either into a Tanzanian bank account or into a mobile money wallet.
Which Tanzanian banks does Grey reach?
CRDB Bank, NMB Bank, Stanbic Tanzania and Standard Chartered Tanzania. You enter the recipient's account number when setting up the payment.
Can I pay a cashew exporter who uses mobile money?
Yes. M-Pesa Tanzania, Tigo Pesa and Airtel Money are all supported, so an upcountry seller without a bank account can still be paid.
How do I fund a Tanzanian payment from Singapore?
From USD, EUR or GBP receipts already paid to you by buyers, principals or an overseas employer, held in your Grey balance.
Can I enter the shilling amount directly?
Yes. Enter the TZS your exporter invoiced and Grey shows and fixes the dollar cost before the payment leaves your balance.
Does a cashew exporter in Mtwara need a Grey account?
No. The shillings arrive as an ordinary local credit. A Grey account only matters if you both want free GreyTag transfers.
Is anything deducted from the shillings a cooperative is paid?
No. The shilling figure on your Singapore confirmation screen is the figure credited to the cooperative at the Tanzanian end.
Can I pay port agency costs in Dar es Salaam?
Yes. Disbursement accounts for a vessel call are paid in shillings to the agent's Tanzanian bank account like any other invoice.
When is the exchange rate set?
At confirmation. The rate you see is the rate applied, and it does not change between sending and settlement.
What does it cost a Singapore trading house to open a Grey account?
Nothing. Opening is free, takes roughly five minutes, and requires one valid identity document before your first shilling payment.
Is Grey regulated as a bank?
No. Grey is a financial technology company, not a bank, and banking services come from licensed banking partners.
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