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5/21/25, 9:17 AM Al Ansari Exchange and UnionPay International launch Real-Time Remittance Service to China via MoneyExpress | mea-finance.com
Al Ansari Exchange and UnionPay International

launch Real-Time Remittance Service to China

via MoneyExpress

By MEA Finance - May 20, 2025

Al Ansari Exchange, a subsidiary of Al Ansari Financial Services and UnionPay International announced 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 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 International paves the way for future collaborations that will
expand secure and efficient payment solutions across new corridors.

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