Al Ansari Exchange, a subsidiary of the Dubai Financial Market (DFM)-listed Al Ansari Financial Services, has extended its strategic partnership with Visa, a global leader in digital payments.
Over the past five years, the partnership has led to various collaborations, focused on driving innovation, facilitating expansion, and enhancing customer experience through advanced digital payment solutions and card services.
It has led to a substantial growth in the prepaid cardholder base, integration of digital payment technologies, and the implementation of enhanced fraud mitigation strategies that leverage Visa’s AI-powered security products. The two companies have also taken joint initiatives to promote financial literacy and empower communities.
Rashed A Al Ansari, Al Ansari Exchange Group CEO, commented: “Our alliance with Visa transcends a conventional partnership; it embodies a shared commitment to progressive development, technological innovation, and a customer-centric ethos. Looking forward, we reaffirm our dedication to leveraging this strong foundation to collaboratively engineer the future of payment solutions.”
Salima Gutieva, Vice-President and Country Manager for UAE, Visa, added: “Our extended partnership with Al Ansari Exchange marks a significant milestone in Visa’s journey to reshape the money movement landscape in the UAE through cutting-edge security and innovation. Together, we are delivering a better, more reliable experience for consumers.”
With a heightened emphasis on digital transformation and the deployment of next-generation payment technologies, the partnership between Al Ansari Exchange and Visa promises to unlock new opportunities and deliver significant value across the financial services ecosystem.
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