According to the firm’s headquarters in India (and for Tanzania its head offices are in Zanzibar), it will make sure it implements its activities with achievements and protect details of users.
Speaking in Zanzibar, Airpay founder Kunal Jhunjhunwala said they are pleased to receive the licence from BoT and that this shows their commitment in expanding financial digital finance services in Africa with Tanzania as its hub.
Jhunjunwala said Airpay involved Twigalpha Limited as consultants headquartered in Tanzania for guidance in its goals to expand its services in Africa.
He said the beauty of Tanzania is in its tourist attractions and real opportunities for them to provide digital financial services that will see less use of hard cash circulation.
For his part Airpay Tanzania cofounder, Yasmin Chali said the firm safe innovative payments that can reach out to businesses and other users in the African continent including internal financial services.
She said the licence stresses for Airpay to adhere to allowable controls when making digital payment transactions on behalf of customers.
For his part, the firm’s Strategies manager, Mihayo Wilmore said the licence allows the firm to operate within the Tanzania ecological financial systems, hence strengthening its existence in Africa.
He said Airpay is building its headquarters in Africa with international status in Zanzibar, and from the ‘Paradise Island’ the firm aims to reach every corner of Africa through valuable cooperation.
He stressed that the Airpay digital financial paying system offers high level safety standards as expected in Tanzania.
“The firm will closely collaborate with Tanzania authorities, partners and other stakeholders to make sure reliable and safe financial services for users are guaranteed,” he added.




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