Al Ansari Exchange and CBUAE’s Al Etihad Payments partner to enhance digital payments in the UAE
Al Ansari Exchange and Al Etihad Payments, a unit of the Central Bank of the UAE (CBUAE), have partnered in a significant step towards enhancing digital payments in the UAE.
By leveraging Al Etihad Payments’ Aani instant payment platform, both entities are poised to offer customers a seamless and secure payment experience, simplifying processes such as money transfers, bill settlements, and peer-to-peer payments.
One notable aspect of this collaboration is the emphasis on simplifying the payment process for customers. By enabling transactions through mobile numbers, email addresses, or QR codes rather than relying on lengthy International Bank Account Numbers (IBANs), the partnership aims to streamline the payment experience and make it more accessible to users.
The integration of the Aani app with Al Ansari Exchange’s services, available both in branches and via mobile app, further enhances convenience and accessibility for customers across the UAE. This move not only aligns with the growing trend towards digitalization but also supports the broader objectives of advancing the financial sector and digitizing the economy, in line with the UAE government’s vision.
Overall, this partnership underscores the commitment of both Al Ansari Exchange and Al Etihad Payments to innovate and enhance the payment landscape, ultimately benefiting customers and contributing to the broader digital transformation agenda in the UAE.
Commenting on the partnership, 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.”
Jan Pilbauer, CEO of Al Etihad Payments, added, “By integrating Aani into their services, financial institutions not only enhance their offerings but also contribute to the advancement of a cashless society, ushering in a future where innovation and collaboration redefine the way we transact.”
