admin TerraPay, a global leader in cross-border payments, has announced a strategic partnership with Dubai Duty Free (DDF), the world’s largest single airport retailer. The collaboration aims to transform the shopping experience for more than 100 million annual travelers by integrating digital wallet payments. This initiative provides customers the convenience of using their home-country digital wallets for purchases at Dubai International and Al Maktoum International Airports.
Through TerraPay’s extensive network of 3.7 billion mobile wallets and a robust cross-border payment infrastructure, Dubai Duty Free is expanding its payment ecosystem to include leading mobile money operators such as Airtel Money, M-PESA, and MTN MoMo. This integration empowers shoppers to use fast, secure, and accessible digital wallet solutions, enhancing retail transactions for a growing global customer base.
Ramesh Cidambi, Managing Director of Dubai Duty Free, emphasised that this partnership reinforces DDF’s commitment to offering diverse payment options and leveraging technology to deliver a seamless customer experience. With TerraPay’s global reach, the collaboration aligns with both companies’ vision to promote financial inclusion and accessibility.
Digital Wallets: A Dominant Force in Global Payments
Projections for 2025 indicate that digital wallets will account for 52% of global e-commerce sales volume and 30% of point-of-sale transactions, reflecting an increasing demand for flexible payment solutions. Additionally, they are expected to capture 35% of cross-border payment methods, underscoring their role in shaping the future of global commerce.
Ambar Sur, Founder and CEO of TerraPay, highlighted that this partnership exemplifies TerraPay’s mission to innovate and expand cross-border payment solutions. The launch of the company’s Wallet Interoperability Council aims to further enable seamless global transactions, providing businesses and consumers with faster, more transparent payment options.
With operations in over 12 countries and compliance across 30 global markets, TerraPay continues to drive financial inclusion by offering borderless payment solutions to underserved regions. This collaboration with Dubai Duty Free represents a significant milestone in redefining convenience for international travelers.
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