Al Ansari Exchange Adopts Aani for Seamless Instant Payments

Al Ansari Exchange, a branch of Al Ansari Financial Services, is set to utilise Aani, an instant payment platform designed to revolutionise digital payments. This move follows a partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE).

Through this collaboration, all Al Ansari Exchange clients will have access to straightforward, secure, and immediate digital payments. These include money transfers, bill payments, and peer-to-peer transactions, facilitated by the recipient’s mobile number, email, or QR code, eliminating the need for lengthy and complex International Bank Account Numbers (IBANs).

Aani incorporates advanced payment technologies such as Proxy Payments, QR-code-based transactions, Request to Pay, and Split Bills, according to Arabian Business.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, expressed, “Our partnership with Al Etihad Payments underscores our dedication to digital innovation and meeting customer requirements. With Aani, we provide our clients with a platform offering convenience, security, and speed in their digital transactions.”

Jan Pilbauer, CEO of Al Etihad Payments, highlighted Aani’s commitment to digital financial inclusion, efficiency, and accessibility within the UAE’s financial landscape. He emphasised the importance of collaborations with partners like Al Ansari Exchange to broaden Aani’s reach and influence, according to Arabian Business.

Source: Trade Finance