Page 133 - AAE PR REPORT - JULY 2025_Neat

7/8/25, 9:50 AM Some UAE residents miss school fees, medical payments after Al Ansari remittance delay
“Unfortunately, the timing was so bad because I was not able to beat the deadline to pay for my
son’s school fees. Because of the delay, I incurred a penalty for late payment,” he told Khaleej
Times.

Dubai-based Kenyan expat Zee also experienced a delay in sending money for her mother’s
medical expenses. “Every month, I send around Dh500 for my mother’s medicines for diabetes
and high blood pressure. There should be no delay for her to receive the money as it is very
important for her medical condition,” she said.

Both Marlon and Zee are still waiting for confirmation from their respective families if they have
received the money.

Popular among UAE residents

Al Ansari Exchange is recognised as “the UAE’s largest remittance and foreign exchange
company” and a subsidiary of Al Ansari Financial Services PJSC. It offers instant online money
transfers to India and several other countries, including the Philippines, Pakistan, Bangladesh,
Sri Lanka, Egypt, UK, and more.

According to its website, Al Ansari Exchange “has a network of over 260 branches, employing
over 4,000 multilingual staff who cater to more than 3 million customers every month with fast,
reliable and efficient service at very competitive rates.” The company also has a mobile app
that contributes to around 14 per cent of the total number of transactions.

Al Ansari Exchange is popular among UAE residents for its annual Dh1 Million Al Ansari
Millionaire Promotion. Albert Rioflorido, a Filipino customer living in the UAE for the past 12
years, was named as this year’s winner. The promotion, which ran from March 1 to May 29,
attracted millions of participants who entered the draw by conducting qualifying transactions at
the branch network and digital platforms.

The UAE is the third-largest sender of remittances in the world, after the US and Saudi Arabia.
Last year, Indian expats based in the UAE sent $21.6 billion to India, equivalent to 19.2 per cent
of the total dollar inflows, ranking the UAE as the second-largest source of global remittance
after the US.

In 2024, Filipino workers in the UAE sent approximately $1.52 billion in cash remittances to the
Philippines, according to Statista.

Al Ansari Exchange announces winner of Dh1 million grand prize in 2025 Al Ansari millionaire
promotion
Al Ansari Exchange and UnionPay International launch real-time remittance service to China
via MoneyExpress

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