Search DubaiPRNetwork.com

Home >> Banking & Investments

Al Fardan Exchange Joins Forces With Empay's Contactless Ecosystem in Landmark Deal to Provide Remittance Services

Al Fardan Exchange Joins Forces With Empay's Contactless Ecosystem in Landmark Deal to Provide Remittance Services

Monday, July 26, 2021/ Editor -  

Share

Home >> Banking & Investments

The UAE’s leading exchange signed the deal with the contactless payment ecosystem, providing more choice, convenience and flexibility to customers


Dubai, UAE - 26, July 2021: Al Fardan Exchange, one of the UAE’s leading financial services providers, has announced a partnership with Empay, the world’s pioneering contactless payment and instant credit ecosystem.


The deal means that Al Fardan Exchange will be the exclusive remittance partner of Empay, which was looking to scale up its operations in this important financial services sector. The partnership agreement was signed between Mr. Hasan Fardan Al Fardan CEO of Al Fardan Exchange, Ms. Muna Al Qassab, CEO of Empay and Mr. Gigi George Koshy, Deputy CEO and CPO of Empay. 


Selecting the Al Fardan Exchange icon on the Empay app now allows access its remittance services and after satisfying the one-time KYC norms as stipulated by the UAE Central Bank, users can immediately transfer money to their beneficiaries, either to a bank account, or as instant cash. 
'The partnership opens yet another channel to extend Al Fardan’s services to a wider audience in the UAE, offering even more flexibility and choice to customers,' said Mr. Hasan Fardan Al Fardan, CEO of Al Fardan Exchange.

“We are delighted to be entering this strategic agreement that will see Al Fardan Exchange become the first remittance partner of Empay. Our collaboration will provide all-new opportunities for our combined customer base as this partnership will add value and convenience while underscoring our shared commitment to digital innovation in the financial services sector as well as customer service excellence,” he added.
Ms. Muna Al Qassab, CEO of Empay, said: “Empay’s in-app payments transcends UAE borders. From the tap of a button, users can now remit money across the globe. 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. What makes Empay unique is our customer-centric focus.”


Mr. Gigi George Koshy, Deputy CEO & CPO of Empay, commented: “The vision behind the UAE’s Smart Government programme is to reinforce the customer-centric approach to all our services and offer a flexible digital channel that supports multiple activities.  This partnership complements and advances the progress UAE has made in this sphere.”


Al Fardan Exchange was founded in 1971, and since then has grown its exchange network to more than 70 locations across the UAE and enjoys longstanding relationships with more than 150 banks and other financial institutions. 


Empay is the region's first national contactless mobile payment app developed for the UAE residents from all walks of life and can be used across a wide variety of payments and lifestyle services such as government payments, tap & pay payments (Android), all types of bill payments, food ordering from restaurants, education fee payments, international remittance and much more. 


UAE residents can download the free super app from the Google Play Store or iOS App Store and register in just two minutes, and avail a Mastercard powered digital card within the app.


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Global Citizen Forum Launches Early Registration to ‘the Future in Motion'

ODORA PERFUMES opens its doors in MIRDIF CITY CENTRE

Aster DM Healthcare Set to Serve World Tourists, Global Showcase at the India Pa ...

Finnair and Turkish Airlines Launch Code Shares, enabling more Choice for Travel ...

Natuzzi Italia Super DHF Discount ‘Made in Italy' products from the House of Nat ...

Airbus to Deliver U.S.- Completed Commercial Aircraft with Sustainable Aviation ...

Society of Petroleum Engineers' Conference Underlines Importance of Accelerating ...

Sami Al-jaber Joins Adidas Family as Latest Brand Ambassador

Sharjah's Leadership in Nurturing Entrepreneurial Talent and Innovation Endorsed ...

Samsung Electronics Wins 48 Awards at IDEA 2021

Etihad Airways Launches Exponential Abu Dhabi – With Complimentary Expo 2020 Tic ...

Majority of UAE Businesses don't Strictly Apply Customer Data Protection Policie ...

Joy and Optimism Inspire Titan's Latest Watch Collection for Women

Milan, 16th November 2021: New Maserati Grecale Global Premiere

Majid Al Futtaim Lifestyle Launches the First Newly Designed LEGO® Certified Sto ...

Jaguar Partners With 4th Floor Creative and Artists Disciples and Pip Millett to ...

Advanced Digital Technologies Hold the Key to Meeting Energy Industry's Decarbon ...

DHA Launches Post-COVID-19 Clinics

Serta brings Luxurious Comfort to DHF 2021

Banks across Africa Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digi ...