Page 80 - AAE PR REPORT - April 2024

Al Ansari Exchange, CBUAE’s unit collaborate to

foster digital payments

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15 April 2024 12:43 PM
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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.

https://english.mubasher.info/news/4274552/Al-Ansari-Exchange-CBUAE-s-unit-collaborate-to-
foster-digital-payments/