Page 34 - AAE PR REPORT - FEBRUARY 2025

CashTrans forms a strategic alliance with SIB

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Sharjah 24: CashTrans, a prominent provider of integrated cash management services and a
subsidiary of Al Ansari Financial Services, has revealed a strategic partnership with Sharjah Islamic
Bank (SIB). The partnership seeks to deliver a comprehensive range of integrated cash management
services, improving the bank’s operational efficiency and financial service systems.

Security and efficient cash flow management

This collaboration demonstrates the dedication of both parties to enhance cash management
processes, elevate security standards, and guarantee effective cash flow management for the
advantage of Sharjah Islamic Bank and its clientele. Under the terms of the agreement, CashTrans
will deliver secure and tailored cash-in-transit (CIT) solutions, specifically crafted to align with the
bank's operational needs. The services will emphasise safety, speed, and efficiency by leveraging
CashTrans's sophisticated logistics network, experienced personnel, and an extensive fleet of
armoured vehicles.

Thorough cash management services

The partnership encompasses a comprehensive array of services, including secure cash
transportation and effective cash processing. The integrated cash centre at CashTrans will facilitate
these services, managing currency processing and offering secure vaults for banknotes on behalf of
Sharjah Islamic Bank.
Executive perspectives on the partnership

https://sharjah24.ae/en/Articles/2025/02/24/ZX17