Page 29 - AAE PR REPORT - MAY 2025

5/22/25, 9:34 AM Al Ansari, UnionPay expand UAE-China money transfer network
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.”

Ali Al Najjar
COO – Al Ansari Exchange

Luping Zhang, General Manager of Middle East of UnionPay International, said that, “We are pleased
to partner with Al Ansari Exchange to introduce MoneyExpress in the UAE. 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.

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