The new agreement allows Al Fardan Exchange’s business and retail customers to make instant payments directly to bank accounts, cash pickup points, and mobile wallets in their home countries, while recipients receive money in their local currency. This opens Al Fardan Exchange operations to a total of 87 countries globally, bringing seed and convenience to cross-border payments.
UAE residents can send money directly through Al Fardan’s over 75 physical branches across the country and make payouts to countries from Europe, Africa, Asia Pacific, and LATAM. Ultimately, Al Fardan’s customers will benefit from increased transparency and will be able to track the status of their transactions in real time, boosting UAE’s digitisation process.
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