Page 60 - AAE PR REPORT - April 2024

4/16/24, 9:05 AM Al Ansari Exchange, CBUAE’s unit collaborate to foster digital payments
Through this partnership, Al Ansari Exchange customers have access to simple, secure,
and instant digital payments, such as money transfers, bill settlement and peer-to-peer

payments via the recipient’s mobile number, email or QR code, instead of the usual

exchange of long and complex International Bank Account Numbers (IBANs).

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By linking their accounts to the Aani app, Al Ansari Exchange customers can implement
their transactions at any of the Al Ansari Exchange branches across the UAE or on the

mobile app.

This initiative aligns with Al Ansari Exchange’s objectives to back the UAE’s government
commitment to digitise the economy and advance the financial sector.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said: “Our collaboration with Al

Etihad Payments represents our ongoing commitment to digital innovation and prioritising
customer needs.”

Jan Pilbauer, CEO of Al Etihad Payments, commented: “By integrating Aani into their

services, financial institutions not only enhance their offerings but also contribute to the
advancement of a cashless society, ushering in a future where innovation and

collaboration redefine the way we transact.”

Last March, the DFM-listed company witnessed a surge in money transfers from the UAE
to Egypt.

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