Page 75 - AAE PR REPORT - MARCH 2025

3/26/25, 9:11 AM Al Ansari Digital Pay Secures Final Approvals to Launch Digital Wallet, Driving UAE’s Cashless Economy
Strategic Growth And Market Projections
Al Ansari Digital Pay projects AED 12 million in total revenue during its first full year of operations, with a strong growth trajectory targeting a 67%
compound annual growth rate (CAGR) by year three.

The launch of Al Ansari Wallet will complement Al Ansari Financial Services' existing product suite, expanding its digital payment offerings to both
consumers and businesses.

Mohammad Bitar, Deputy Group CEO at Al Ansari Financial Services, stated:

“This milestone brings us closer to revolutionizing digital payments in the UAE by offering a secure, convenient, and inclusive ecosystem. As the
financial landscape evolves, we are committed to staying ahead by integrating cutting-edge technology and innovative solutions that not only meet
today’s demands but also anticipate the needs of tomorrow.”
Fintech Innovation: AI, Security, And Real-Time Payments

Al Ansari Digital Pay is committed to fintech innovation, integrating AI and data analytics to enhance:

Fraud prevention

User experience personalization

Secure payment gateways for transparency and security

Omnichannel access to financial services

The platform will also incorporate enhanced API connectivity and real-time payments, creating the foundation for next-generation financial services
in the UAE.

By embracing the latest digital transformation trends, Al Ansari Digital Pay aims to drive financial accessibility, promote a cashless society, and
accelerate fintech adoption across the region.

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