Page 69 - AAE PR REPORT - June 2024

5/17/24, 10:10 AM Latest News
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.

-ends-

https://www.arabbnews.com/english/Latest-News.asp?id=17417 2/2