Al Fardan Exchange, the UAE’s leading exchange, announces partnership with Empay, the top contactless payment ecosystem, by providing more choice, convenience and flexibility to customers.
The deal entails that Al Fardan Exchange will be the exclusive remittance partner of Empay. 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.
Users can now access remittance services by clicking on the Al Fardan Exchange icon on the Empay app 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.
Mr. Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, said,
'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.'
“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.”
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.”
Established in 1971, Al Fardan Exchange has cemented its name in more than 70 locations across the UAE. Moreover, Empay is known as the the region's first national contactless mobile payment app developed for the UAE residents and can be used across a wide variety of payments and lifestyle services.
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