Al Ansari Exchange Introduces GPSSA Pension Payment Collection Services

Al Ansari Exchange, the UAE’s largest remittance and foreign exchange company and a subsidiary of Al Ansari Financial Services PJSC, has announced a major enhancement to its portfolio by becoming an authorized collection agent for pension contributions on behalf of the General Pension and Social Security Authority (GPSSA) and Ma’ashi.

This service, aligned with the Central Bank of the UAE (CBUAE) guidelines, aims to simplify compliance for employers under the Federal Law on pensions and social security. Employers can now make timely and secure pension contributions through Al Ansari Exchange’s extensive network of branches and its online platform, www.eexchange.com.

Enhanced Convenience for Employers

The new pension payment collection service offers employers a straightforward and reliable way to fulfill their regulatory obligations. Contributors will benefit from the security and efficiency of the process, with the service accessible across all Al Ansari Exchange branches in the UAE and through digital channels.

Supporting Emiratisation and Financial Inclusion

Ali Al Najjar, Chief Operations Officer of Al Ansari Exchange, highlighted the company's commitment to supporting national initiatives. “We are proud to support the UAE’s Emiratisation efforts and the Emirati pension system through this new service, which is fully compliant with CBUAE regulations. Our goal is to streamline financial services and provide businesses, regardless of size, with accessible and efficient solutions for critical payments.”

This service expansion reflects Al Ansari Exchange's dedication to enhancing its role as a trusted financial partner in the UAE, providing innovative solutions to meet the evolving needs of businesses and individuals.