Dubai Duty Free Enhances Shopping with TerraPay Partnership
New Payment Option for Shoppers
Dubai Duty Free introduces a new payment method by partnering with TerraPay. Travelers can now use their home-country digital wallets for purchases. This provides a convenient and seamless shopping experience for millions of international travelers.
What is TerraPay?
TerraPay is a global money movement company offering a vast cross-border payment network. It operates in over 30 regulated global markets, ensuring smooth and secure transactions for shoppers. The platform connects millions of users worldwide, simplifying international payments.
How TerraPay Works
TerraPay enables payments in 150+ receiving countries and 210+ sending countries. It supports 3.7 billion mobile wallets, 7.5 billion bank accounts, and 12 billion cards. The platform ensures instant, transparent, and fully compliant transactions, eliminating delays and hidden charges.
Benefits for Travelers and Shoppers
Shoppers can now use mobile wallets like Airtel Money, M-PESA, and MTN MoMo. This eliminates the hassle of currency exchange and card limitations. The new payment method makes transactions faster, easier, and more accessible for global travelers.
Advantages for Retail Operations
Dubai’s retail sector benefits from TerraPay’s global network of mobile wallets. The partnership enhances cross-border payment solutions and provides an efficient payment experience. It allows for greater financial inclusion and flexibility for international customers.
The Future of Digital Wallets
Digital wallets are shaping the future of global transactions. They will contribute to 52% of e-commerce sales and 30% of point-of-sale transactions. Cross-border payments via digital wallets will reach 35% this year, reinforcing their growing importance.
A Global Leader in Travel Retail
Founded in 1983, this retailer achieved first-year sales of $20 million. In 2024, sales turnover reached $2.164 billion, making it one of the world’s largest travel retail operators. It employs over 6,000 people and operates across 40,000 square meters of retail space in Dubai airports.
This partnership marks a significant step toward modernizing payment solutions and enhancing customer convenience. With seamless transactions, travelers can enjoy a smoother, more efficient shopping experience.