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5/16/24, 9:55 AM TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer - The Malaysian Reserve
TerraPay and Al Ansari Exchange Partner to Simplify Money

Transfer

Wednesday, May 15th, 2024 at PR Newswire

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:

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