June 24, 2024

TerraPay And Al Ansari Exchange Partnership Simplifies Money Transfer

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TerraPay’s global payment solutions for local payout needs integrated with Al Ansari Exchange's extensive network expands both organisations scope of operations
Ani Sane, Co-founder & Chief Business Officer at TerraPay, and Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange. Image Courtesy: TerraPay / Al Ansari Exchange

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].

Industry sources added that TerraPay’s global payment solutions for local payout require integration with Al Ansari Exchange’s extensive network expands both organizations’ scope of operations and improves their capabilities to serve a broader client base with efficient, secure, and seamless transactions.

Industry sources further added that with its robust 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 capitalize on this expertise and expand its presence in the UAE, in line with the firm’s strategic objectives of expanding its global footprint and boosting 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, stated, “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.”

Industry sources added further that this strategic partnership was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to leveraging technology to enhance the remittance ecosystem. Together, the firms promise to boost clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.

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