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TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer

TerraPay, a prominent global money movement company, has forged a strategic partnership with Al Ansari Exchange, the UAE's largest remittance and foreign exchange company, and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. This collaboration aims to integrate TerraPay's global payment solutions for local payout needs with Al Ansari Exchange's extensive network, thereby expanding the scope of operations for both organizations and enhancing their capabilities to serve a broader customer base with efficient, secure, and seamless transactions.

Al Ansari Exchange, known for its strong portfolio of financial services and customer-centric approach, offers flexible and reliable remittance options to its clientele. Through this partnership, TerraPay aims to leverage Al Ansari Exchange's expertise and expand its presence in the UAE, aligning with the company’s strategic objectives of global expansion and service enhancement.

Ani Sane, Co-founder & Chief Business Officer at TerraPay, expressed excitement about the partnership with Al Ansari Exchange, emphasizing the opportunity to leverage combined strengths and capabilities to extend services and better serve customers, thus making cross-border transactions more seamless and accessible.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, echoed similar sentiments, highlighting the collaboration as a commitment to providing flexible and reliable remittance options to customers. He noted that TerraPay's global network and innovative technology complement Al Ansari Exchange's expertise, enabling the offering of a wider range of services.

The strategic partnership between TerraPay and Al Ansari Exchange was unveiled at Seamless Middle East 2024, underscoring both entities' dedication to leveraging technology to enhance the remittance ecosystem. Together, they pledge to empower clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.

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