Airtel Money Tanzania has launched a new international remittance service. The service will enable Airtel Money customers in the United Arab Emirates to make purchases at points of sale terminals using their Airtel Money accounts at no extra cost. This launch was made possible through the partnership with TerraPay.
Airtel is a provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.This news follows a busy month for TerraPay, having announced partnerships with Bancolombia and Papara.
Go deeper with GlobalData
Addressing payment challenges
Airtel Money Director Andrew Rugambasaid: “Airtel Tanzania is committed to offering innovative solutions that cater to our customers’ daily needs 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 encounter when travelling to Dubai. We recognise the government’s commendable international diplomatic policies that have been fostering stronger trade relationships with various countries, including the UAE.
“The rising number of Tanzanian travellers 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. Our partnership with TerraPay eliminates the need for travellers to carry large sums of cash or go through the hassle of currency exchange each time they journey to the UAE.”
Rugamba emphasised that Airtel Money is continuously evolving to be more inclusive, providing faster, more convenient, safer, and cost-effective services. The wide range of services available through Airtel Money will not only enhance its usage but also solidify Airtel’s position as the preferred service provider.
Willie Kanyeki, Regional Director for East and Southern Africa at TerraPay,spoke about the significance of the partnership with Airtel Money Tanzania. He described the partnership as a strategic initiative aimed at advancing financial inclusion in the country and encouraging the transition to a cashless economy. He says, “Airtel Money and TerraPay’s partnership demonstrates the commitment Airtel Money has towards its customers. They continue to offer products and services that customers enjoy anytime, anywhere, a policy TerraPay lives by.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
