Page 79 - AAE PR REPORT - April 2024

4/16/24, 9:07 AM Al Ansari Exchange, CBUAE’s unit collaborate to foster digital payments | Decypha

Al Ansari Exchange, CBUAE’s unit collaborate to foster digital payments

Dubai – Mubasher: Al Ansari Exchange, a subsidiary of Al Ansari Financial
Services, partnered with Al Etihad Payments (AEP), a unit of the Central Bank
of the UAE (CBUAE), to boost seamless payments.
The two entities will utilise Aani, an instant payment platform aimed to enhance
the digital payments landscape in the UAE, according to a press release.
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).
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.

Mubasher Contribution Time: 15-Apr-2024 08:43 (GMT)
Mubasher Last Update Time: 15-Apr-2024 08:43 (GMT)

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