Al Ansari Exchange Collaborates With Tranglo To Optimise Seamless Cross-Border Remittance Experiences
The largest outward personal remittance and foreign exchange provider in the UAE, Al Ansari Exchange, a subsidiary of Al Ansari Financial Services P.J.S.C., announced its partnership with cross-border payment hub Tranglo to enhance the smooth cross-border remittance customer experience.
Al Ansari Exchange and Tranglo's endeavour to incorporate Ripple's decentralised payment technology would improve business payments and international remittances for both organisations. Tranglo's focus on enhancing cross-border transactions by making them faster, more inexpensive, and highly secure aligns with Al Ansari Exchange's dedication to meeting consumer expectations for dependable and efficient services.
Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said: “The partnership between Al Ansari Exchange and Tranglo is a significant step forward in our journey towards transforming the cross-border remittance landscape in the UAE. With the UAE being the world’s second-largest market for outbound remittances, this move will enable us to meet the growing demands of our customers and enhance their remittance experience through cutting-edge technology and innovative solutions."
Al Ansari Exchange will further reinforce simplified operations for consumers with Tranglo Connect, an end-to-end payment procedure that allows direct API access and seamless integration of payout and partner services, consistent with the company's objective to continuously reinvent its offerings. Al Ansari Exchange and Ripple teamed in 2019 to use the latter's cloud-based financial network technology.
Jacky Lee, Group CEO of Tranglo, said: "Tranglo is elated to partner with Al Ansari Exchange to strengthen our presence in the UAE. We look forward to enhancing the cross-border payment experience and improving efficiency and convenience for individuals and businesses conducting international transactions. Together, we will drive innovation and reshape the way users remit money, contributing to a more inclusive financial ecosystem."