Airtel Money and TerraPay enable cross-border payments in UAE

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

Changing Landscape of Payments with Credit Card Technology

As we go ahead and navigate a rising digital...

Tap-Free and Face ID Payments Powering Their Way in Retail

In the recent years that have gone by, the...

Deutsche Bank and Mastercard Join for Open Banking Payments

Deutsche Bank and Mastercard has announce a joint strategic...

Smart Ways to Grow and Protect Wealth Near Retirement

As retirement approaches, many people shift their focus from...

TerraPay, a global payments infrastructure company, has partnered with Airtel Mobile Commerce Uganda Limited (AMCUL) to launch seamless cross-border merchant payments in the United Arab Emirates (UAE).

This partnership will enable Airtel Money customers travelling from Uganda to the seven Emirates to go cashless quickly. It also provides instant cross-border merchant payments across 30,000+ merchants in the UAE!

Japhet Aritho, Managing Director of Airtel Mobile Commerce Uganda Limited, said, “Today we introduced seamless cross-border merchant payments within the United Arab Emirates, in partnership with Terrapay. With effect from July 21, 2023, anyone accessing any of the seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah and Fujairah, will be able to pay for all their goods and services with Airtel Money across over 30,000 merchant locations. Airtel Money is the dedicated mobile money platform for Airtel Africa.”

Airtel Money offers mobile money services including payments, microloans, savings, and international money transfers.

Mobile money has witnessed staggering growth over the past few years. According to the latest GSMA ‘State of the Industry Report on Mobile Money’, registered mobile money accounts grew by 13% year-on-year to reach 1.6 billion in 2022! ​With mobile money and digital payments growing, they are cementing themselves as mainstream financial services, further boosting financial inclusion.

TerraPay believes that cross-border payments should be safe and secure. The company has been building an expanding payments highway that helps businesses to create transparent customer experiences with an uninterrupted, fast, and real-time global passage for every payment, however small or large.

 

Latest stories

Related stories

Changing Landscape of Payments with Credit Card Technology

As we go ahead and navigate a rising digital...

Tap-Free and Face ID Payments Powering Their Way in Retail

In the recent years that have gone by, the...

Deutsche Bank and Mastercard Join for Open Banking Payments

Deutsche Bank and Mastercard has announce a joint strategic...

Smart Ways to Grow and Protect Wealth Near Retirement

As retirement approaches, many people shift their focus from...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back