– Airtel Money partners with TerraPay to offer mobile money services to Tanzanian customers traveling within the UAE
DAR ES SALAAM, Tanzania, Oct. 20, 2023 /PRNewswire/ — Airtel Money Tanzania in partnership with TerraPay, a cross-border payments network, has launched an international remittance service enabling Airtel Money customers in the United Arab Emirates (UAE) make purchases at point-of-sale terminals using your Airtel Money accounts at no additional cost. This announcement follows the recent launch of the Fly Dubai 10% discount announced in July.
Speaking today in Dar es Salaam announcing the new partnership, Airtel Money Director Andrew Rugamba said: “Airtel Tanzania is committed to offering innovative solutions that meet the daily needs of our customers and provide value. With the launch of Airtel Money In partnership with TerraPay in the UAE, we aim to address the payment challenges our customers face when traveling to Dubai. We recognize the government’s commendable international diplomatic policies that have been fostering stronger trade relations with various countries, including the United Arab Emirates. The increasing number of Tanzanian travelers visiting the United Arab Emirates for various purposes such as trade, tourism, official visits and government missions is a clear reflection of the growing demand. Our partnership with TerraPay eliminates the need for travelers to carry large amounts of cash or have the hassle of currency exchange every time they travel to the UAE.
To access Airtel Money cross-border merchant payments through TerraPay, our Airtel Money customers can follow the simple steps outlined below.
Step 1. Airtel Money customers need to visit any branded business establishment in the UAE.
Step 2. The Merchant initiates the transaction at the POS terminal.
Step 3. The Airtel Money customer will receive a message to enter their PIN and confirm the transaction.
Step 4. The Airtel Money customer will receive a confirmation SMS after the transaction is completed.
Rugamba highlighted that Airtel Money is continuously evolving to be more inclusive and offer faster, more convenient, more secure and cost-effective services. The wide range of services available through Airtel Money will not only enhance its usability but also solidify Airtel’s position as a preferred service provider.
Willie Kanyeki, Regional Director for Eastern and Southern Africa at TerraPay, spoke about the importance of the partnership with Airtel Money Tanzania. He described the partnership as a strategic initiative aimed at promoting financial inclusion in the country and fostering the transition to a cashless economy. And he said, “The partnership between Airtel Money and TerraPay demonstrates the commitment Airtel Money has to its customers. They continue to offer products and services that customers enjoy anytime, anywhere, a policy that TerraPay follows.”
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated set of telecommunications solutions to its subscribers, including mobile voice and data services, as well as mobile money services both domestically and internationally. The Group aims to continue providing a simple and intuitive customer experience through optimized customer journeys.
www.airtel.africa
About TerraPay
TerraPay simplifies the movement of money everywhere: providing a single connection to the largest cross-border payments network regulated in 29 global markets and enabling payments to 120+ receiving countries, 210+ issuing countries, 7.5 billion+ bank accounts and more than 2.1 billion mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries of global businesses, from banks, fintechs and money transfer operators to travel companies, creative economy platforms and e-commerce marketplaces, while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Dubai, Miami, Bogota, Dakar, Johannesburg, Nairobi, Milan, Singapore, Bengaluru and is expanding rapidly, having received funding from leading investors including IFC (the Bank Global), Prime Ventures, Partech Africa and Visa.
For more details, visit terrapay.com
Media Contact:
Juveria Samrinjuveria.n@terrapay.com
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