Page 76 - AAE PR REPORT - June 2024

5/17/24, 10:11 AM TerraPay and Al Ansari exchange partner to simplify money transfer

TerraPay and Al Ansari exchange partner to

simplify money transfer

By Delisha Fernandes

May 16, 2024 Share

TerraPay, a global money movement company, has
partnered with Al Ansari Exchange, the remittance and
foreign exchange company in the UAE, to simplify cross-
border payments for their customers worldwide.

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.

Ani Sane, Co-founder & Chief Business Officer at
TerraPay, said, “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.”

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.

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 complement 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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