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5/16/24, 9:54 AM TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer

TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer

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TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer
PR Newswire

DUBAI, UAE, May 14, 2024

DUBAI, UAE, May 14, 2024 /PRNewswire/ -- TerraPay, a prominent global money movement company, has partnered with Al
Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial
Services PJSC [DFM: ALANSARI]. TerraPay's global payment solutions for local payout needs integrated with Al Ansari
Exchange's extensive network expands both organisations scope of operations and improves their capabilities to serve a broader
customer base with efficient, secure, and seamless transactions.

With its strong portfolio of financial services and customer-centric approach, Al Ansari Exchange provides its clientele with
flexible and reliable remittance options. The latest partnership will allow TerraPay to capitalise on this expertise and expand its
presence in the UAE, in line with the company's strategic objectives of expanding its global footprint and enhancing its offerings.

Ani Sane, Co-founder & Chief Business Officer at TerraPay, commented, "We are thrilled to partner with Al Ansari
Exchange, a respected name with a rich heritage in the UAE. This partnership allows us to leverage combined strengths and
capabilities. Together, we are prepared to extend our services and better serve customers, making cross-border transactions
more seamless and accessible."

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said, "We are delighted to enter into this strategic partnership
with TerraPay, a leading force in global money transfer. This collaboration signifies our commitment to providing our customers
with flexible and reliable remittance options. TerraPay's global network and innovative technology complements our expertise,
allowing us to offer a wider range of services."

The strategic collaboration was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to
leveraging technology to enhance the remittance ecosystem. Together, the companies promise to empower clients by enhancing
global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.

About TerraPay:
TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border
payments network regulated in 31 global markets and enabling payments to 141 receive countries, 210+ send countries, 7.5Bn+
bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving
money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses –
ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce
marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is
headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar,
Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the
World Bank), Prime Ventures, Partech Africa and Visa.

About Al Ansari Exchange:

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