Page 14 - AAE PR REPORT - JULY 2025_Neat

Press Release

Blue Remit and TerraPay Forge Strategic Alliance to

Expand Global Remittance Reach

Dubai, UAE – 13 July 2025: Blue Remit, the digital remittance subsidiary of Al Ansari Financial
Services PJSC, has announced a strategic partnership with TerraPay, a global money movement
company, to significantly expand its payout capabilities across multiple geographies.
This partnership adds new strength to both entities to complement each other. By integrating Blue
Remit’s digital-first platform with TerraPay’s interoperable infrastructure, the alliance enables
real-time payouts to bank accounts, mobile wallets, and cards globally. The result is a faster, more
transparent, and compliant remittance experience for customers sending money to underserved
regions.

“Expanding the accessibility and performance of our remittance corridors is at the heart of Blue
Remit’s growth strategy,” said Rashed A. Al Ansari, CEO of Blue Remit. “TerraPay brings strong
infrastructure, deep market coverage, and the compliance sophistication we look for in every
partner.”

Ani Sane, Co-Founder and Chief Business Officer at TerraPay, added, “Our mission has
always been to simplify and accelerate global money movement. Partnering with Blue Remit
allows us to extend this capability to a broader customer base, ensuring fast, transparent, and
compliant remittances - especially to markets where speed and reliability matter most.

This move also aligns with Blue Remit and TerraPay’s common broader vision of building an
inclusive remittance ecosystem. Both companies have been steadily expanding their partner
network to support real-time, low-cost transfers that meet the expectations of today’s digitally
savvy users.

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