Page 41 - AAE PR REPORT - MAY 2025

5/21/25, 9:18 AM Al Ansari Exchange, UnionPay sign deal at Seamless Middle East 2025 to launch MoneyExpress remittance service | Decypha

Al Ansari Exchange, UnionPay sign deal at Seamless Middle East 2025 …

Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial
Services, has entered into an agreement with UnionPay International during
Seamless Middle East 2025 to launch MoneyExpress remittance service in the
UAE.
The partnership marks a significant milestone for Al Ansari Exchange which has
now become the first exchange company in the entire GCC region to integrate
directly with UnionPay’s infrastructure, according to a press release.
The agreement will enable streamlining remittances through a fully digital, real-time
interface, ensuring speed, transparency, and user convenience.
COO of Al Ansari Exchange, Ali Al Najjar, stated: “Digital innovation is at the heart of our strategy, and the launch of MoneyExpress
marks a significant step forward in cross-border payment solutions.”
Al Najjar added: “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.”
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.
General Manager of Middle East of UnionPay International, Luping Zhang, said: “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.”
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.
Meanwhile, the agreement 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.
Earlier in 2025, Al Ansari Exchange announced extending its strategic partnership with Visa to drive innovation and endorse the financial
ecosystem.
It is worth noting that the three-day event Seamless Middle East is featuring 800 speakers and 750 exhibitors at Dubai World Trade
Centre.
Mubasher Contribution Time: 20-May-2025 16:28 (GMT)
Mubasher Last Update Time: 20-May-2025 16:28 (GMT)

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