Airpay, an integrated financial services platform, expanded its footprint with an official launch in Tanzania. The launch, the company said, builds on the shared commitment of leveraging technology to advance socioeconomic development, as outlined in the Memorandum of Understanding (MoU) between India and Tanzania. Airpay has been granted the Payment Services Licence by the Bank of Tanzania (BOT).
Besides, the company would also set up Airpay academy, a hybrid learning platform, designed to empower individuals in Tanzania with digital, financial, and entrepreneurial skills. Airpay now has two regional offices in Tanzania.
Kunal Jhunjhunwala, Founder and Managing Director, Airpay Payment Services, said, “Being among the fastest growing economies in Africa, Tanzania offers a unique launchpad for our pan-Africa growth ambitions. Inspired by the DPI vision of our Prime Minister Narendra Modi, we at Airpay, along with the Government of Tanzania, aim to construct a world-class digital hub – that would empower a whole new generation of tech-savvy empowered citizens and thereby play a transformative role in furthering socioeconomic impact in the grassroots.”
The launch ceremony held in Zanzibar was attended by dignitaries, including Saada Salum Mkuya, Zanzibar Minister of State in the President’s Office (Finance and Planning); Binaya Srikanta Pradhan, High Commission of India to the United Republic of Tanzania; Yasmin Chali, Airpay Tanzania co-founder; Dr Habiba Hassan Omar, Principal Secretary, President’s Office, Labour, Economic Affairs, and Investment; Juma Burhan, Executive Director at Zanzibar Economic Empowerment Agency ZEEA; and Said Seif Said, Managing Director at Zanzibar eGovernance Agency.
With a presence in four countries, Airpay is dedicated to expanding its reach and services to a total of twelve countries across Africa. “This expansion underscores the company’s unwavering commitment to driving economic growth, financial inclusion, and technological progress across the continent,” it said.
The company was founded by Kunal Jhunjhunwala and collaborated with over 200+ financial institutions and over 1,000 business partners worldwide. The platform allows its clients to move, store and give money across many touch points such as web, mobile, call centre, IVR, email, SMS and face-to-face through 100+ financial instruments.
