Monday 20 September 2021

Al Fardan Exchange in deal with Empay for remittance services

DUBAI, July 26, 2021

Al Fardan Exchange, one of the UAE’s leading financial services providers, has announced a partnership with Empay, a contactless lifestyle payment ecosystem with instant credit, to be the latter's exclusive remittance partner.
Founded in 1971, Al Fardan Exchange has grown its exchange network to more than 70 locations across the UAE. 
Empay is the region's first national contactless mobile payment app developed for UAE residents and can be used across a wide variety of payments and lifestyle services
The agreement was signed by Al Fardan Exchange CEO Hasan Fardan Al Fardan, Empay CEO Muna Al Qassab and Deputy CEO and CPO Gigi George Koshy.
Selecting the Al Fardan Exchange icon on the Empay app allows access to its remittance services and after satisfying the one-time KYC norms as stipulated by the UAE Central Bank, users can transfer money to their beneficiaries, either to a bank account, or as instant cash.
"The partnership opens yet another channel to extend our services to a wider audience in the UAE, offering even more flexibility and choice to customers," said Al Fardan.
“Our collaboration will provide new opportunities for our combined customer base as this partnership will add value and convenience while underscoring our shared commitment to digital innovation as well as customer service excellence,” he added.
Al Qassab said: “Our in-app payments transcends UAE borders as users can remit money across the globe with the tap of a button. Since we are living in the day and age of contactless payments, Empay seeks to fulfill the need for avoiding long queues and endless waits for international money transfer,” he added.-TradeArabia News Service 


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