Page 12 - AAE PR REPORT - MAY 2025

Press Release

Al Ansari Exchange and UnionPay International Launch Real-Time

Remittance Service to China via MoneyExpress

Dubai, UAE – 20 May 2025: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services
and the largest remittance and foreign exchange company in the UAE, and UnionPay International
announced today the launch of MoneyExpress remittance service in the UAE. This partnership
marks a significant milestone, as Al Ansari Exchange becomes the first exchange company in the
entire GCC region to integrate directly with UnionPay’s infrastructure, streamlining remittances
through a fully digital, real-time interface ensuring speed, transparency, and user convenience.

This agreement was signed during Seamless Middle East 2025, in the presence of Mr. Ali Al
Najjar, Chief Operating Officer at Al Ansari Exchange and Mr. Luping Zhang, General Manager
of Middle East of UnionPay International.

“Digital innovation is at the heart of our strategy, and the launch of MoneyExpress marks a
significant step forward in cross-border payment solutions,” said Ali Al Najjar, COO of Al
Ansari Exchange. “By directly integrating with UnionPay’s network, we are removing traditional
barriers to remittance, delivering a faster, more cost-effective, and customer-centric solution that
strengthens our position as a digital leader in financial services.”

“We are pleased to partner with Al Ansari Exchange to introduce MoneyExpress in the UAE,”
said Luping Zhang, General Manager of Middle East of UnionPay International. “This
service offers customers a secure, real-time, and cost-effective way to send money to China. With
upfront exchange rate settlement and direct crediting in RMB, it simplifies the process and
eliminates hidden fees, enhancing convenience for senders and recipients alike.”

Unlike traditional remittance channels, MoneyExpress guarantees the exchange rate upfront and
credits the recipient’s UnionPay card in Chinese renminbi (RMB) instantly, without intermediary
or bank handling fees. This provides customers with greater cost transparency and immediate
access to their funds.

With a network of over 270 branches and digital channels across the UAE, Al Ansari Exchange
combines deep market expertise with advanced compliance standards to offer seamless financial
services. This milestone and strategic partnership between Al Ansari Exchange and UnionPay