Al Ansari Exchange and AEP sign partnership

DUBAI: Al Ansari Exchange, a subsidiary of Al Ansari Financial Services announced its partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), to elevate customer satisfaction through the utilisation of Aani, an instant payment plaform aimed to revolutionise the digital payments landscape in the UAE.

This strategic partnership will allow all Al Ansari Exchange customers to enjoy simple, secure, and instant digital payments, such as money transfer, bill setlement and peer-to-peer payments via the recipient’s mobile number, email or a QR code, instead of the usual exchange of long and complex International Bank Account Numbers (IBANS). Additionally, Aani offers a comprehensive suite of advanced payment technologies, including Proxy Payments, Qr-code-based payments, Request to Pay and Split Bills.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said: “Our collaboration with Al Etihad Payments represents our ongoing commitment to digital innovation and prioritising customer needs. With Aani, we are empowering our customers with a plaform that offers convenience, security and speed in their digital payment transactions. We commend the CBUAE and AEP for pioneering this initiative, which aligns with our shared goal of driving financial inclusivity and innovation in the region.”

Jan Pilbauer, Chief Executive Officer of Al Etihad Payments said: “Empowering consumers and businesses alike, Aani prioritizes digital financial inclusion, creating efficiency and accessibility within the UAE’S financial ecosystem.