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5/21/25, 9:18 AM Al Ansari Exchange and UnionPay International launch real-time remittance service to China via MoneyExpress
This agreement was signed during Seamless Middle East 2025. Image Courtesy: Al Ansari Exchange
FINANCIAL SERVICES
Al Ansari Exchange and UnionPay International launch real-time
remittance service to China via MoneyExpress
Al Ansari Exchange becomes the first exchange company in the entire GCC region to integrate directly with
UnionPay’s infrastructure
Press Release
May 20, 2025
Dubai, UAE – 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.”
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