Page 30 - AAE PR REPORT - MAY 2025

5/22/25, 9:34 AM Al Ansari Exchange and UnionPay International Launch Real-Time Remittance Service to China via MoneyExpress

Business

May 21, 2025 202 20

Al Ansari Exchange And UnionPay International Launch Real-

Time Remittance Service To China Via MoneyExpress

Al Ansari Exchange, the UAE’s largest remittance and foreign exchange company and a subsidiary of Al Ansari Financial
Services, has partnered with UnionPay International to launch MoneyExpress, a real-time remittance service to China. This
pioneering collaboration positions Al Ansari Exchange as the first exchange company in the GCC to directly integrate with
UnionPay’s global infrastructure, offering instant, transparent, and fully digital cross-border money transfers.

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

A New Benchmark In Digital Remittances

MoneyExpress revolutionizes traditional remittance channels by offering:

Real-time fund transfers directly to UnionPay cards in Chinese Renminbi (RMB)

Upfront exchange rate confirmation with no intermediary or hidden bank charges

Direct-to-recipient transactions, ensuring speed, transparency, and convenience

The fully digital interface eliminates unnecessary delays and costs, providing UAE residents with a secure and cost-effective
solution to send money to China.

Leadership Comments

Ali Al Najjar, COO of Al Ansari Exchange, stated:

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