According to an agreement that makes the cashless payment process faster and smoother
Al Ansari Exchange provides instant transfer services to India
Al Ansari Exchange announced the signing of an agreement with the International Payments Company Limited (NBCI International Payments Limited), a subsidiary of the International Payments Corporation of India, to provide instant transfer services to customers in India.
The new partnership allows Al Ansari Exchange customers to benefit from the Unified International Payments Interface (UPI) to facilitate the top-up of the e-wallet balance for customers who use applications supported by the Unified Payment Interface, making the cashless payment process faster, easier and smoother on 24 hours, 365 days a year for millions of users in India.
The company stated in a statement that this step comes within the framework of Al Ansari Exchange's efforts to align its strategy with the "Emirati-Indian joint vision", which aims to strengthen the comprehensive strategic partnership between the two countries, and raise bilateral cooperation to new levels to serve the common goals and interests of the UAE and Republic of India.
Rashid Ali Al Ansari, CEO of Al Ansari Exchange, said: “We look forward to activating this partnership in the near future, and providing our large base of Indian customers in the UAE with a solution that allows them to use the unified payment interface, and facilitate real-time payments and transfers.” .
He added: “Our new partnership with the International Payments Corporation in India is part of our continuous efforts to adopt digital technologies, as a pillar to enhance the efficiency of our business and the transfer services we provide, and enrich the customer experience.
It also reflects the commitment of (Al Ansari Exchange) to contribute to the development of bilateral relations between the UAE and India, in line with the directives of the leadership.”
For his part, said Ritesh Shukla, CEO of the International Payments Corporation, "India is one of the largest remittance corridors, receiving more than $80 billion annually."
He added, "Our partnership with (Al Ansari Exchange) aims to provide easy, secure and instant UPI transfer services to about 3.5 million Indians residing in the UAE, and we are constantly striving to upgrade our model solutions in the field of payments."
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