UAE-based remittances company Al Fardan Exchange announced a partnership with Visa for enhanced money transfer services.
The company announced the launch of a new cross-border remittance service through Visa Direct.
The innovative solution enables Al Fardan Exchange customers to transfer funds to bank accounts and mobile wallets globally in near real-time, improving the overall flow of payments.
Al Fardan Exchange said it is planning to enable Visa Direct for over 30 countries across the MENA region, Europe, North America, and Southeast Asia, with plans to expand its reach to more countries in the future.
Hasan Fardan Al Fardan, CEO at Al Fardan Exchange, said: “We are delighted to integrate Visa Direct into our services, marking a significant step forward in our journey toward digital transformation.”
Salima Gutieva, Visa’s VP and Country Manager for the UAE, said with the UAE being among the largest source markets of remittances globally, Visa strives to bring digital-first solutions for a more seamless, secure and efficient international money movement experience to the country’s digitally savvy consumers.
“Visa Direct offers Al Fardan Exchange customers access to billions of Visa cards, bank accounts and mobile wallets worldwide and the backing of our trusted global network, VisaNet, for fast and secure transfers,” Gutieva said.
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