Page 31 - AAE PR REPORT - APRIL 2025

4/24/25, 9:18 AM Al Ansari Exchange and Visa Extend Strategic Partnership to Drive Innovation in Digital Payments -

Al Ansari Exchange and Visa Extend Strategic Partnership to

Drive Innovation in Digital Payments

Shahzaib 21 Hours Ago 03 Mins

Al Ansari Exchange, the leading remittance and foreign exchange service provider in the UAE, has announced the extension of its
strategic partnership with Visa, a global leader in digital payments. This collaboration aims to continue driving innovation, expanding
services, and redefining customer experiences through advanced digital payment solutions.

Over the past five years, the partnership has seen significant achievements, including a substantial increase in the prepaid cardholder
base, seamless integration of digital payment technologies, and the implementation of enhanced fraud mitigation strategies using
Visa’s AI-powered security products. The two organizations have also worked together to promote financial literacy and empower
communities, establishing themselves as leaders in the evolving payments sector.

Rashed A. Al Ansari, Group CEO of Al Ansari Exchange, emphasized that the partnership goes beyond a conventional agreement,
representing a shared commitment to technological innovation and a customer-centric approach. “We reaffirm our dedication to
leveraging this strong foundation to collaboratively shape the future of payment solutions,” Al Ansari said.

Salima Gutieva, VP and Country Manager for Visa in the UAE, called the extended partnership a milestone in Visa’s mission to
reshape the money movement landscape in the country. “Together with Al Ansari Exchange, we are delivering a better, more reliable
experience for consumers, paving the way for a dynamic future in digital payments.”

The renewed collaboration emphasizes enhancing security, inclusivity, and usability in payment mechanisms, with a focus on digital
transformation and the implementation of next-generation payment technologies. Al Ansari Exchange and Visa are set to unlock new
opportunities and provide significant value to the financial services ecosystem.

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