For over 60 years, Al Ansari Exchange has been the leading exchange company in the UAE. We provide online money transfer services, online and offline remittance, foreign exchange services and much more to thousands of customers every day.
We boast the largest network of branches in the UAE, connecting millions of people around the globe. Apart from offering the best way to transfer money from the UAE, our wide range of financial services also includes prepaid cards, corporate payment solutions, and bill payments. Moreover, our mobile app enables you to quickly and securely access those services. Money transfer has never been so convenient.
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DUBAI, UAE, May 14, 2024 /PRNewswire/ -- TerraPay, a prominent global money movement company, has partnered with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. TerraPay's global payment solutions for local payout needs integrated with Al Ansari Exchange's extensive network expands both organisations scope of operations and improves their capabilities to serve a broader customer base with efficient, secure, and seamless transactions.
With its strong portfolio of financial services and customer-centric approach, Al Ansari Exchange provides its clientele with flexible and reliable remittance options. The latest partnership will allow TerraPay to capitalise on this expertise and expand its presence in the UAE, in line with the company's strategic objectives of expanding its global footprint and enhancing its offerings.
Ani Sane, Co-founder & Chief Business Officer at TerraPay, commented, "We are thrilled to partner with Al Ansari Exchange, a respected name with a rich heritage in the UAE. This partnership allows us to leverage combined strengths and capabilities. Together, we are prepared to extend our services and better serve customers, making cross-border transactions more seamless and accessible."
Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said, "We are delighted to enter into this strategic partnership with TerraPay, a leading force in global money transfer. This collaboration signifies our commitment to providing our customers with flexible and reliable remittance options. TerraPay's global network and innovative technology complements our expertise, allowing us to offer a wider range of services."
The strategic collaboration was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to leveraging technology to enhance the remittance ecosystem. Together, the companies promise to empower clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.
Al Ansari Exchange, established in 1966 and licensed by the Central Bank of the UAE, is the UAE's first exchange company that grown to be the largest outward personal remittance and foreign exchange company in the country with over 256 branches across the Emirates (as of December 2023). With over 4500 multilingual employees, the Company conducts 134 thousand transactions per day (as of December 2023). Al Ansari Exchange has contributed about 40% of the core operating income of exchange houses in the country and constituted 74% of the consolidated net profit for the exchange houses. In terms of contribution to the foreign exchange business, Al Ansari Exchange made up 32% of the income generated by exchange houses as well as 46% of income in the remittance business. Since its founding, the Company has significantly scaled its digital presence through its award-winning app, website and in-branch smart counters, enabling it to capture a 41% share of the digital outward personal remittances market among exchange houses in 2021, according to a report by Edgar, Dunn and Company.
Al Ansari Exchange is a leading foreign exchange and worldwide remittance company boasting 37 branches across Kuwait. Serving millions of customers, we provide fast, reliable and high-quality services.
Redha Al Ansari Exchange is a leading global remittance and foreign exchange company with branches across the UAE. Started by the renowned Al Ansari Family, we offer strong, healthy, competition in the industry and are one of the most people preferred brands in the UAE. The exchange is a family owned business formed in 1945 with strong roots preceding the foundation of the United Arab Emirates.
Redha Al Ansari Exchange was one of the first companies to start foreign exchange and money transfer business in the UAE. The Exchange was initially started in 1945 by late Sheikh Ghulam Abbas Al Ansari, the head of Al Ansari family and the father of our founder the late Redha Al Ansari.
Our first registered office was established in 1979, where we worked hard to build our ever growing customer base. Our priorities and values today have stayed the same ever since our humble beginnings in 1979. Redha Al Ansari Exchange always ensures that the brand is kept in line with the changing demands of our customers and progresses ahead in the market. Hundreds of enthusiastic multilingual professionals across our branches in the UAE cater to a wide range of customers coming from all parts of the world.
Alongside our growth over the last few decades, we also have added other convenient services other than foreign exchange services and remittance solutions. We always like to stay in tune with the customer's increasingly busy lifestyle and adapt accordingly to provide multiple financial solutions under one roof.
I have received an email from Paypal asking me to make a payment to Al Ansari exchange in the UAE for tax and insurance on an item someone is buying from me (they did not inform me they were transferring this money), paypal is holding payment for the item I am selling till I clear this payment. Is this legit? I don't understand why I have to do this as I am not shipping this item it will be picked up from my house, buyer has so far transferred shipping, taxes, and insurance to me. What is the purpose of this ? Is this legit?
Al Ansari Exchange L.L.C, a leading exchange company in the UAE with the largest branch network, started as an offshoot of a flourishing general trading business of the Al Ansari family almost 60 years ago, primarily to meet the foreign exchange and remittance needs of their trading partners and customers.
With the gradual evolution and semblance of banking in the mid-1960s, the first branch was opened in Abu Dhabi in 1966. The company has made quick strides since then and progressed to emerge as one of the largest and most popular exchange companies in the UAE.
Today, Al Ansari Exchange LLC boasts a network of more than 180 branches, employing more than 2,500 multilingual staff, who cater to millions of customers with fast, reliable and efficient service at very competitive charges. Al Ansari Exchange has launched several charitable and social initiatives and programmes related to education, health and other charities. The company is also active in supporting relief to natural disasters in various regions of the world.
Future contributions (for pledges made prior to the June 2020 donor pledging conference): non-US$ Direct Contribution and Matching Fund pledges for Q3-Q4 2023 and for years 2024 and beyond are expressed in US$ equivalents using the applicable forecast rates from Bloomberg as at 30 June 2023 or using the rates applicable to any hedge agreement in place.
Future contributions: non-US$ Direct Contribution and Matching Fund pledges for Q3-Q4 2023 and for years 2024 and beyond are expressed in US$ equivalents using the applicable forecast rates from Bloomberg as at 30 June 2023 or using the rates applicable to any hedge agreement in place.
While IFFIm grants are irrevocable and legally binding, they are subject to a Grant Payment Condition that can potentially reduce the amount due by the donor in the event that a Gavi-supported programme country is in protracted arrears with the International Monetary Fund. Since 29 June 2021, there is no longer any reduction applied, as all countries from the reference portfolio have cleared their arrears with the IMF.
Banks and other transfer services have a dirty little secret. They add hidden markups to their exchange rates - charging you more without your knowledge. And if they have a fee, they charge you twice.
If you think you've used the wrong SWIFT code to send money, you should get in contact with your bank right away. They may be able to cancel the transaction. If it's too late to cancel, you might have to contact the recipient yourself and request that they return your money.
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TerraPay, a prominent global money movement company, has partnered with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI].
Industry sources added further that this strategic partnership was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to leveraging technology to enhance the remittance ecosystem. Together, the firms promise to boost clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.
Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC, has signed a strategic partnership with Etihad Airways, the national carrier of the UAE, to further enhance customer loyalty and satisfaction through its Al Ansari Exchange Plus Rewards programme.
The development comes following a successful collaboration between Al Ansari Exchange and Etihad Airways, reiterating their joint commitment to providing unparalleled benefits to customers. The partnership agreement was formally signed by Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, and Yarub Obaidalla, Regional General Manager UAE & Central region at Etihad Airways, in a ceremony attended by key executives from both organisations. 152ee80cbc
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