Page 16 - AAE PR REPORT - June 2024

TerraPay and Al Ansari Exchange Partner to Simplify Money

Transfer

UAE 16 May 2024: TerraPay, a prominent global money movement company, has partnered
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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.

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