Business

Al Ansari Exchange, the UAE-based foreign trade and international money transfer company, has revealed the successful integration of the UAE Pass into its mobile app and online portal, making it the first exchange house in the UAE to comprise the pioneering national digital identification platform into its Digital Channels. In line with this development, clients will now be able to take benefit of the UAE Pass' unique immediate authentication feature, which allows them to digitally carry out their registration process and access all the features of the Al Ansari Exchange mobile app, besides visiting any of its branches.

Mohammad Bitar, Deputy Chief Executive Officer, Al Ansari Exchange, said: We are excited to be the first exchange house in the UAE to combine the UAE Pass into our digital channels, which we think about as a milestone in our experience towards digital transformation. This new modern system is predicted to develop the experience of our new app users by offering them with a easy and uncomplicated way of finishing the identification verification process besides having to visit any of our branches. We are dedicated to maintaining up with the developments in line with the UAEs efforts towards constructing a sustainable digital future while we proceed our endeavors to strengthen Al Ansari Exchanges leadership in the remittance and foreign exchange sector.

Integrating the UAE Pass into Al Ansari Exchanges system demonstrates the companys key dedication towards digital transformation. Al Ansari Exchange App, for instance, has registered more than 125,000 transactions throughout the month of April, 2020, which accounts for a 14 per cent increase in mobile transactions and representing 9% of the companys whole remittances. The app is rated 4.7 stars on both the Apple App Store and Google Play Store and has been downloaded more than 500,000 times.

UAE Pass is the first national digital identity for citizens, residents and visitors enabling them to access many services throughout numerous sectors of the UAE and permitting them to digitally sign and authenticate documents. It additionally allows customers to request a digital version of files issued to them and to use the same to access services. UAE Pass was launched throughout GITEX Technology Week 2018 by the General Authority for Regulating the Telecommunications Sector in cooperation with Abu Dhabi Digital Authority and Smart Dubai to offer a unified digital identify solution for all service providers, while retaining a excessive level of confidentiality and accessibility.

The incorporation of digital documentation issued to UAE Pass users is part of the second part of UAE Pass activation. The Federal Authority for Identity and Citizenship is the first government entity to have covered key documents in UAE Pass, such as Emirates ID, passport for residents and residence for non-citizens. The Central Bank has authorized the use of the UAE Pass in making banking transactions.

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