Page 116 - AAE PR REPORT - June 2024

5/16/24, 9:56 AM Forefront Breaking News
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.

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