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5/16/24, 9:55 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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May 14, 2024 11:00 PM EDT Tweet Share E-mail
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:

Al Ansari Exchange, the subsidiary of Al Ansari Financial Services P.J.S.C. and the largest
outward personal remittance and foreign exchange company in the UAE.
Al Ansari Exchange, established in 1966 and licensed by the Central Bank of the UAE, is
the UAE's first exchange company that grown to be the largest outward personal remittance
and foreign exchange company in the country with over 256 branches across the Emirates
(as of December 2023). With over 4500 multilingual employees, the Company conducts 134
thousand transactions per day (as of December 2023). Al Ansari Exchange has contributed
about 40% of the core operating income of exchange houses in the country and constituted
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