UAE: Dubai Duty Free introduces new way to shop
The shoppers would have an option for a preferred alternative to existing payment methods
Dubai Duty Free has partnered with TerraPay to enhance shopping for over 100 million customers. The partnership will help individuals or travellers shop by using their home-country wallets at the Dubai Duty Free.
Read: Dubai Duty Free reports record annual sales of Dhs7.9bn in 2024
What is TerraPay?
TerraPay is a global money movement company that provides shoppers with access to one of the world’s most expansive cross-border payment networks, regulated in over 30 global markets.
What does the platform do/intend?
- It enables payments to over 150 receiving countries, more than 210 sending countries, 3.7 billion mobile wallets, 7.5 billion bank accounts, and over 12 billion cards.
- It makes money transfers instant, transparent, and fully compliant.
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How will the partnership benefit travellers/shoppers?
According to a report in the Dubai Media Office website, This partnership allows travelers to make purchases using their home-country digital wallets, providing an extremely convenient and accessible shopping experience.
With leading mobile money operators like Airtel Money, M-PESA, and MTN MoMo already partnered with TerraPay, shoppers will be able to use their home-country wallets to shop at Dubai Duty Free.
Not only will this enhance convenience, but it will also offer shoppers a preferred alternative to existing payment methods.
Partnership benefits for Dubai Duty Free
This alliance provides Dubai Duty Free with access to:
- TerraPay’s extensive global network, including over 3.7 billion mobile wallets.
- An effective cross-border payments infrastructure to accept users’ preferred payment methods.
The future of digital wallets
Digital wallets are set to dominate the payment landscape worldwide.
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They are expected to account for 52 per cent of the world’s e-commerce sales and 30 per cent of point-of-sale transactions, as well as 35 per cent of all cross-border payments this year.
Facts about Dubai Duty Free
- Founded in 1983
- Recorded first-year sales of US$20 million
- Became one of the biggest travel retail operators globally, with a sales turnover of US$2.164 billion in 2024
- Employs over 6,000 people
- Operates in around 40,000 square meters of retail space across Dubai International and Al Maktoum International airports
