Page 88 - AAE PR REPORT - MARCH 2025

3/26/25, 9:15 AM Al Ansari Unveils New Digital Wallet to Drive UAE’s Cashless Economy
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The Al Ansari digital wallet is about reinforcing the company’s commitment to financial inclusion and driving the
UAE’s vision of a cashless economy’.

With the SVF license, Al Ansari Digital Pay can get users to open digital accounts, and for them to manage their
funds digitally.
The RPSCS license will allow it to issue prepaid cards, help with merchant payments, and provide acquiring
services for both online and retail businesses.

The Al Ansari Wallet is set to launch in-Q2 2025,delivering ‘fintech solution that will cater to both individual
consumers and businesses’.

“The platform will empower unbanked and underbanked communities with accessible and affordable financial
services including micro-financing solutions,” said a statement.

Online payment options are now the default setting for legions of UAE consumers.
Source: gulfnews

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