Indian Airpay assured of government’s cooperation

THE government of Zanzibar has assured the Airpay, India’s first growing integrated financial services, a full cooperation in its endeavour to drive digital financial services.

Last week, the Bank of Tanzania (BoT) issued a license to the Airpay Company, to start offering digital financial services in the Isles.

Presenting the license in a ceremony that was graced by the Isles Minister in the President’s Office, Mudrick Ramadan Soraga, the company pledged to provide professional services in the islands.

The Minister assured the company of the government continued support because of its advanced technology that would bring reforms in digital financial services.

“This company is experienced in business, we will give it cooperation so that more citizens can access services, particularly the small entrepreneurs,” he said.

He commended the company for deciding to invest in Zanzibar, saying the move would be a catalyst for attracting more investors in the Information, Communications and Technology (ICT) sector.

In his remarks, the Commissioner for Public Private Partnership (PPP) department in Zanzibar, Dr. Bili Mrima Kiwia, said they support the company because it would add efficiency in the provision of digital financial services to the citizens.

The Airpay founder, Kunal Jhunjhunwala, said they aim to offer quality services in both Tanzania mainland and Zanzibar.

“Zanzibar is an ideal partner in formalizing digital systems; we have been attracted to invest. We are organized to ensure that the services are of high quality,” he assured.

Airpay intends to contribute to the Government’s ambitious Zanzibar Vision 2050 by creating awareness on the digital payments ecosystem and empowering merchants and customers through its integrated offerings.

“We are proud to take our made in India technology to the world by formally entering the United Republic of Tanzania. I want to thank the Revolutionary Government of Zanzibar for their support and trust in our capabilities as a long-term digital-first financial empowerment ecosystem provider”, said the founder  who recently met the President of Zanzibar and Chairman of the Revolutionary Council, Dr. Hussein Mwinyi at the State House

 “Given its huge untapped economic potential, demographic factors, mineral reserves, and proximity to the major developed countries, we believe the future belongs to Africa. As a strategic partner, we would enable the Government to transform its digitally inclusive payment goals into a digital-first financial services ecosystem,” added Kunal Jhunjhunwala.

Airpay was founded by experienced technocrat Kunal Jhunjhunwala and collaborates with over 200+ financial institutions and over 1,000 business partners worldwide.

Over the years, the company has established itself as a preferred partner and advisor for providing financial services technology and last-mile enablement.

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.

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