Al Ansari Exchange and Visa Extend Strategic Partnership to Accelerate UAE’s Digital Payments Future
Al Ansari Exchange, the UAE’s leading remittance and foreign exchange service provider and a subsidiary of Al Ansari Financial Services, has officially extended its strategic partnership with global digital payments leader, Visa. The renewed alliance aims to accelerate innovation, enhance customer experience, and strengthen the UAE’s digital payments landscape.
Over the past five years, the collaboration has driven significant advancements in the sector, including a substantial rise in prepaid cardholders, seamless integration of Visa’s digital payment technologies, and robust fraud mitigation through AI-powered security solutions. Together, the two companies have also launched financial literacy initiatives, fostering empowerment and financial inclusion across communities.
Rashed A. Al Ansari, Group CEO of Al Ansari Exchange, emphasized:
“Our alliance with Visa transcends a conventional partnership; it embodies a shared commitment to progressive development, technological innovation, and a customer-centric ethos. Looking forward, we reaffirm our dedication to leveraging this strong foundation to collaboratively engineer the future of payment solutions.”
Echoing this sentiment, Salima Gutieva, Visa's Vice President and Country Manager for the UAE, stated:
“Our extended partnership with Al Ansari Exchange marks a significant milestone in Visa’s journey to reshape the money movement landscape in the UAE through cutting-edge security and innovation. Together, we are delivering a better, more reliable experience for consumers and paving the way for a dynamic future in digital payments.”
This renewed agreement highlights a shared vision for secure, inclusive, and intuitive digital transactions, positioning both institutions at the forefront of financial innovation. With a strong emphasis on next-generation technologies and digital transformation, the partnership is poised to unlock new opportunities and elevate the overall digital financial ecosystem in the region.
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