Page 43 - AAE PR REPORT - December 2024

12/25/24, 11:31 AM Al Ansari Exchange and InstaShop Enter into Partnership Agreement

The partnership marks a significant step forward in ensuring seamless cash transactions. Under this agreement, cash payments
collected by InstaShop’s delivery team can now be securely and directly deposited into designated bank accounts. This initiative

aims to minimize administrative burdens on delivery personnel while enabling a swifter cash management solution, ultimately
translating to improved service speeds and customer satisfaction.

As the UAE experiences a shift in consumer behaviors that favor online grocery shopping, traditional payment methods, often
tied to cash transactions, present challenges that can lead to delays and inefficiencies in service delivery. By effectively

addressing these obstacles, Al Ansari Exchange and InstaShop are taking a proactive approach to safeguard operational
efficiencies within the rapidly expanding grocery delivery sector.

A Vision for Efficient Operations

Ali Al Najjar, Chief Operations Officer of Al Ansari Exchange, expressed the significance of this partnership, stating, “This
collaboration with InstaShop highlights our dedication to supporting businesses with practical financial solutions.“ He

emphasized the potential of their extensive branch network to not only simplify cash management but also enable InstaShop to
concentrate on what truly matters – delivering outstanding service to their clients.

InstaShop’s Director of Last Mile, Kishore Babani, echoed this sentiment, highlighting the advantageous nature of their
collaboration. “By partnering with Al Ansari Exchange, we can streamline our cash management operations, ensuring a faster,

more reliable service for our customers while continuing to scale our delivery capabilities across the UAE,” he noted. This is
particularly salient considering the rapid growth of the e-commerce landscape in the region, which has witnessed a surge in
demand for on-demand services.

Consumer Expectation Meets Technological Innovation

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