Page 85 - AAE PR REPORT - June 2024

5/16/24, 9:50 AM TerraPay and Al Ansari Exchange partner to simplify money transfer
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.

About TerraPay:

TerraPay simplifies the movement of money everywhere – providing a single connection

to the most expansive cross-border payments network regulated in 31 global markets and
enabling payments to 141 receive countries, 210+ send countries, 7.5Bn+ bank accounts

and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial
world, making moving money everywhere instant, reliable, transparent and fully

compliant. TerraPay pushes the boundaries for global businesses ranging from banks,

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