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Al Ansari Exchange, the leading provider of outward personal remittance and foreign exchange services in the United Arab Emirates (UAE), has joined forces with Tranglo, a hub for cross-border payments. 



Their goal is to enhance the overall experience of international payments and revolutionize the remittance landscape within the UAE. This collaboration marks a significant milestone in Tranglo&#8217;s expansion plans for the Middle East.



The timing of this partnership is opportune, as remittances from the UAE witnessed substantial growth in 2022, with predictions indicating a continued rise. 



A noteworthy 66% of Gulf country residents are sending increased amounts of money to support their families.



Tranglo Connect, Tranglo&#8217;s exclusive solution for cross-border payments, seamlessly integrates payout and partner services, simplifying the payment process and granting direct API access. 



Ali Al Najjar, the Chief Operating Officer of Al Ansari Exchange, expressed:



Given that the UAE is the world&#8217;s second-largest market for outbound remittances, this collaboration will enable us to meet the increasing demands of our customers and enhance their remittance experience through state-of-the-art technology and innovative solutions. 



Earlier this year, Al Ansari Exchange, a subsidiary of Al Ansari Financial Services PJSC, achieved significant recognition when it became listed on the Dubai Financial Market. The company&#8217;s highly successful initial public offering raised an impressive $210.5 million.



As the UAE&#8217;s first exchange company, Al Ansari Exchange holds a dominant position in the country&#8217;s financial sector, boasting over 230 branches and serving three million customers. It handles more than 130,000 transactions on a daily basis.



Tranglo, established in 2008, has built a global network spanning across 150 countries and has gained a reputation as a reliable partner of Ripple, a leading provider of enterprise blockchain solutions for international payments.
The post <a rel="nofollow" href="https://www.unlock-bc.com/102552/revolutionary-collaboration-tranglo-and-al-ansari-exchange-unite-to-transform-cross-border-payments-in-the-uae/">Revolutionary Collaboration: Tranglo and Al Ansari Exchange Unite to Transform Cross-Border Payments in the UAE</a> appeared first on <a rel="nofollow" href="https://www.unlock-bc.com">UNLOCK Blockchain</a>.

Revolutionary Collaboration: Tranglo and Al Ansari Exchange Unite to Transform Cross-Border Payments in the UAE

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