Page 111 - AAE PR REPORT - June 2024

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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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,

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