Page 151 - AAE PR REPORT - AUGUST 2025

8/8/25, 3:20 PM Mbank Partners with Al Fardan Exchange for Easy Cash Deposits
Why Is This Important?
In the past, depositing cash usually meant standing in long lines at the bank or searching for an ATM. But now, with
more places to deposit money, customers have more freedom. They can manage their money anytime and anywhere.

This is helpful for:

Busy working people who don’t have time to visit a bank

Small business owners who handle daily cash

Families living in areas without many banking services
What the Leaders Said

Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, shared that their goal has always been to build trust and make
financial services easier to access. He said,

“This partnership shows how two trusted financial institutions can work together to make life easier for people.”

He added that by combining Al Fardan’s strong network with Mbank’s digital tools, banking can become more
secure, simple, and helpful.

Mohammed Wassim Khayata, CEO of Al Maryah Community Bank, also said that this partnership is an important
step.

“We want to serve more communities across the UAE. Our customers can now manage their money in a way that fits
their lifestyle,” he said.
“This helps small businesses and people take better control of their finances.”

Bigger Network, Better Service

This move is part of Mbank’s growing network of partners. The bank already works with:

First Abu Dhabi Bank (FAB) ATMs
Al Ansari Exchange

Redha Al Ansari Exchange

LuLu Exchange

Lari Exchange

Now, with Al Fardan Exchange added, Mbank offers access to over 700 deposit locations across the UAE. That
makes it the largest cash deposit network among banks in the country.

This partnership between Mbank and Al Fardan Exchange is a big win for customers. It shows how digital banks and
financial service providers can work together to make banking better. By giving people more options and easier ways
to handle money, they are building a stronger and more inclusive banking system in the UAE.

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