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4/16/24, 9:08 AM Al Ansari Exchange, CBUAE’s unit collaborate to foster digital payments - Almasryalyoum - Mubasher

Al Ansari Exchange, CBUAE’s unit collaborate

to foster digital payments

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Author:
15 April 2024 10:43 AM

ALANSARI
ALANSARI
-1.85% Dubai – Mubasher: Al Ansari Exchange, a subsidiary
1.06 -0.02 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.”

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