Dubai – Mubasher: Al Ansari Exchange, the subsidiary of Al Ansari Financial Services, extended its strategic partnership with Visa to drive innovation and redefine the customer experience through advanced digital payment solutions and card services. 

The five-year partnership has witnessed remarkable advancements, including substantial growth in the prepaid cardholder base, the seamless integration of digital payment technologies, according to a press release.

It also included implementation of enhanced fraud mitigation strategies leveraging Visa’s AI-powered security products and promoting financial literacy and empower communities.

Rashed  Al Ansari, Group CEO of Al Ansari Exchange, 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,” Al Ansari mentioned.

Salima Gutieva, Visa's VP and Country Manager for UAE, said: “Together with Al Ansari Exchange, we are delivering a better, more reliable experience for consumers, paving the way for a dynamic future in digital payments.”

Meanwhile, the two parties are poised to unlock new opportunities and deliver significant value across the financial services ecosystem.

Earlier this month, Al Ansari Financial Services concluded its acquisition of BFC Group Holdings and became the largest non-banking financial institution (NBFI) in the GCC region.