Airtel Money Tanzania has partnered with cross-border payments network TerraPay to enable its customers to pay for purchases in the United Arab Emirates.
Under the cross-border payments arrangement, Tanzanian customers can use the Airtel Money app at any branded merchant location in the UAE at no extra cost. At the POS terminal, they just need to enter their PIN to confirm the transaction, after which they’ll receive a confirmation SMS once the transaction is done.
Airtel Money director Andrew Rugamba said the Terrapay arrangement addresses the payment challenges Airtel Money customers encounter when traveling to Dubai
“The rising number of Tanzanian travelers visiting the United Arab Emirates for diverse purposes, such as trade, tourism, official visits, and government missions, is a clear reflection of the increasing demand,” Rugamba said in a statement. “Our partnership with TerraPay eliminates the need for travelers to carry large sums of cash or go through the hassle of currency exchange each time they journey to the UAE."
Willie Kanyeki, regional director for East and Southern Africa at TerraPay, added that the partnership is “a strategic initiative aimed at advancing financial inclusion in the country and encouraging the transition to a cashless economy.”