Page 59 - AAE PR REPORT - June 2024

5/20/24, 9:48 AM TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer

TerraPay and Al Ansari Exchange Partner to Simplify

Money Transfer

May 19, 2024 (MENAFN via COMTEX) --

(MENAFN - Orient Planet Group) UAE - 16 May 2024: 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.

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