Page 25 - AAE PR REPORT - December 2024

12/5/24, 4:01 PM Al Ansari Exchange and Visa collaborate to launch “Visa Direct” for global money transfers - Times Kuwait
card beneficiaries in line with our commitment to enhance service offerings and provide innovative solutions
to meet evolving market demands.”

Mohamed Reyad, Visa’s Country Manager for Kuwait, said: “Our partnership with Al Ansari Exchange in
Kuwait represents a significant opportunity to enhance the remittance experience for digitally

savvy consumers in one of the world’s largest outward remittance markets. With “Visa Direct”, Al Ansari
Exchange in Kuwait’s customers will now be able to transfer funds in real time to Visa cards and
accounts worldwide with the backing of our trusted global network, VisaNet. This launch also aligns with the

Kuwait government’s innovation agenda, and we’re delighted to once again support the country‘s vision for a
more digitally connected future.”

This latest initiative solidifies Al Ansari Exchange in Kuwait‘s position as a leading player in the remittance
industry, driving innovation and improving the overall customer experience.

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