Historically, forcibly displaced and stateless individuals in Tanzania have faced significant barriers to accessing formal financial services, primarily due to lack of recognized identification documentation and restrictive policies. However, recent initiatives have aimed to bridge this gap:​

• UNCDF Tanzania Refugee Access to Finance Programme: This program aims to enable refugees to access financial services through informal savings groups and develop their financial literacy. For instance, refugees like Ashura, residing in Nyarugusu refugee camp, participate in savings groups such as "Umoja," allowing them to save money securely and learn about financial management. ​UNCDF
• Partnerships with Commercial Banks: Banks like CRDB and NMB have shown interest in extending services to refugees. CRDB introduced a service called M-Wallet, and NMB's Kasulu branch has explored opportunities to provide banking services to refugees, contingent upon regulatory approvals and the establishment of appropriate identification mechanisms. ​UNHCR