Page 65 - AAE PR REPORT - June 2024

5/17/24, 10:07 AM dayofdubai | TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer
TerraPay, a prominent global money movement company, has forged a strategic

partnership with Al Ansari Exchange, the UAE's largest remittance and foreign exchange

company, and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. This

collaboration aims to integrate TerraPay's global payment solutions for local payout needs

with Al Ansari Exchange's extensive network, thereby expanding the scope of operations

for both organizations and enhancing their capabilities to serve a broader customer base

with efficient, secure, and seamless transactions.

Al Ansari Exchange, known for its strong portfolio of financial services and customer-

centric approach, offers flexible and reliable remittance options to its clientele. Through

this partnership, TerraPay aims to leverage Al Ansari Exchange's expertise and expand its
presence in the UAE, aligning with the company’s strategic objectives of global expansion

and service enhancement.

Ani Sane, Co-founder & Chief Business Officer at TerraPay, expressed excitement

about the partnership with Al Ansari Exchange, emphasizing the opportunity to leverage

combined strengths and capabilities to extend services and better serve customers, thus

making cross-border transactions more seamless and accessible.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, echoed similar

sentiments, highlighting the collaboration as a commitment to providing flexible and

reliable remittance options to customers. He noted that TerraPay's global network and

innovative technology complement Al Ansari Exchange's expertise, enabling the offering

of a wider range of services.

The strategic partnership between TerraPay and Al Ansari Exchange was unveiled at

Seamless Middle East 2024, underscoring both entities' dedication to leveraging

technology to enhance the remittance ecosystem. Together, they pledge to empower clients

by enhancing global connectivity, promoting financial inclusion, and driving economic

growth in the regions they serve.

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