Al Ansari Exchange, Visa and Network International collaborate to enable seamless remittance transactions via digital channels
19 Jan 2022
Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has laid another stepping stone on its journey to continuously provide its customers convenient, reliable and secure financial services. Al Ansari Exchange announced its partnership with global payments technology leader, Visa and Network International, the leading enabler of digital commerce across the Middle East and Africa (MEA) region, to enable seamless funding of international money transfers on the Al Ansari Exchange Mobile app for all holders of Visa debit cards.
Through this partnership with Network International, Al Ansari Exchange’s customers can now use their Visa debit cards to fund remittance transactions done on the mobile application, making Al Ansari Exchange the first exchange company in the region to launch this Visa (AFT – Account Funding Transaction) service. This new and reliable alternative payment method ensures smoother and more convenient way to send remittances from the UAE globally.
Mohammad Bitar, Deputy Chief Executive Officer at Al Ansari Exchange, said: “Our strategic cooperation with Visa and Network International is part of our ongoing commitment to enhance the quality and efficiency of our services using the latest technological innovations. Consumers’ preferences around the world and especially in the UAE are evolving quickly forcing brands to be perceptive looking for the best and most reliable digital platforms, including our mobile app.”
Shahebaz Khan, Visa’s General Manager for UAE, Bahrain and Oman, said: “We are delighted to partner with Al Ansari Exchange to help meet UAE consumers’ increasing expectations for a more seamless and secure way to move funds. With Visa’s AFT, Al Ansari Exchange customers holding a Visa debit card can simply use their debit cards to fund their remittance transactions from their phone in near real time and with the peace of mind of knowing that it’s also secure.”
Andrew Key, Group Managing Director – Acquiring, Network International added, “As a leading digital payments company, we are pleased to offer Al Ansari Exchange’s customers who are Visa debit cardholders in the UAE a more convenient and quick way to transfer funds internationally via their mobile app. Our advanced and secure solution is ideally suited for exchange houses looking to digitalize their remittances offering while keeping costs low. As the world increasingly adopts digital ways of doing things, we look forward to supporting businesses and their consumers in their journey towards digital payments.”