Page 79 - AAE PR REPORT - June 2024

TerraPay and Al Ansari Exchange partner to

simplify money transfer

• May 15, 2024

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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 expand both organisations’ scope of operations and improve 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, which aligns 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 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

https://thepaymentsassociation.org/article/terrapay-and-al-ansari-exchange-partner-to-simplify-
money-transfer/