FA

Source: The Fintech Time

With the aim of increasing payment methods in the UAE, the global cross-border payment network Terrapay cooperates with Dubai Duty Free

Thanks to this partnership, Dubai Duty-Free can now tap into TerraPay's global network of partners covering more than 2.2 billion mobile wallets, as well as its cross-border payments infrastructure through the two leading global payment infrastructure companies in the UAE, Network International, and Magnati. is activated, have access.

Dubai Duty-Free hopes to strengthen its customers' payment preferences by expanding its payment ecosystem to provide more convenience through mobile wallets in addition to existing payment methods. MTN, M-Pesa, and Airtel are some of the leading mobile money companies partnering with TerraPay to enable their users to use their digital wallet in Dubai Duty-Free.

"Our partnership with DDF is a milestone in our journey to enable large-scale financial participation," explained Ambar Sur, founder and CEO of TerraPay. "The world's largest retailer, DDF, has opened up new avenues for seamless mobile wallet payments across its vast network of three terminals using TerraPay's robust cross-border payment infrastructure, enabling us to deliver faster, more innovative, and transparent cross-border payments."

A mobile wallet allows users to deposit money into an account linked to their mobile number and access it directly in stores for digital services.

2024-03-12 06:55:17

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