Dubai Duty Free has partnered with TerraPay, a global cross-border payments network, to introduce a new digital payment solution for travelers. This collaboration allows customers to make purchases using their home-country digital wallets, enhancing convenience for millions of visitors passing through Dubai’s airports.
A Game-Changer for Travel Retail
With over 100 million annual customers, Dubai Duty Free is a leading global travel retailer. This new partnership ensures that travelers can seamlessly pay using mobile wallets from their home countries, eliminating the need for currency exchange or international bank cards.
How TerraPay Enhances the Shopping Experience
TerraPay’s extensive payment network supports:
- 150+ receiving countries and 210+ sending countries
- 3.7 billion mobile wallets and 7.5 billion bank accounts
- 12 billion+ cards for fast, compliant, and transparent transactions
With leading mobile money providers like Airtel Money, M-PESA, and MTN MoMo integrated into the system, travelers can now enjoy a faster, hassle-free shopping experience at Dubai Duty Free.
Benefits for Shoppers and Dubai Duty Free
For Travelers:
- Enables payments via home-country digital wallets
- Provides a secure and cashless alternative
- Reduces reliance on credit cards and currency exchange
For Dubai Duty Free:
- Access to TerraPay’s global payment infrastructure
- Ability to accept digital payments from billions of users worldwide
- Strengthens Dubai’s position as a global leader in retail innovation
The Future of Digital Payments in Travel Retail
As digital wallets continue to dominate the global payments industry, they are projected to:
- Account for 52% of global e-commerce transactions
- Make up 30% of in-store transactions
- Power 35% of all cross-border payments
Dubai Duty Free: A Legacy of Growth
Since its founding in 1983, Dubai Duty Free has grown into one of the world’s largest travel retail operators:
- First-year sales: $20 million
- 2024 turnover: $2.16 billion
- Employees: Over 6,000
- Retail space: 40,000 sqm across Dubai International & Al Maktoum International Airports
A New Era for Travel Shopping
By integrating TerraPay’s seamless cross-border payment solution, Dubai Duty Free is setting new standards in global retail. This move aligns with Dubai’s vision of enhancing efficiency, convenience, and innovation for travelers worldwide.
News Source: Gulf Business
