Page 80 - AAE PR REPORT - January 2025

Ali Al Najjar, Chief Operating Officer, Al Ansari Exchange
Al Najjar says, “The UAE remittance industry has seen major transformations in
recent years, fuelled by several technological innovations. One key

development has been the introduction of digital wallets and mobile
applications. Our mobile app, for instance, empowers users to send money
seamlessly, at competitive rates with low transfer fees. Furthermore, we are
also considering leveraging artificial intelligence (AI) and machine learning
(ML) to enhance security and improve customer service.”

Of course, another of the recent transformations is the integration of India’s
Unified Payments Interface (UPI) with the UAE, making payments simpler than
ever between the two countries.

Mubaid from Wall Street Exchange Centre, says, “The integration of India’s UPI
with the UAE has enhanced the remittance experience by enabling faster,

https://www.msn.com/en-gb/money/other/tech-promotions-fuel-surge-in-uae-india-
remittances/ar-
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