Latest news with #BlueRemit
Yahoo
14-07-2025
- Business
- Yahoo
Blue Remit joins forces with TerraPay to enhance global payout capabilities
Blue Remit, the digital remittance subsidiary of Al Ansari Financial Services PJSC, has teamed up with TerraPay to bolster its payout . By combining Blue Remit's digital platform with TerraPay's interconnected payment system, the partnership will facilitate instant transfers to bank accounts, mobile wallets, and cards worldwide. Blue Remit CEO Rashed A. Al Ansari said: 'Expanding the accessibility and performance of our remittance corridors is at the heart of Blue Remit's growth strategy. TerraPay brings strong infrastructure, deep market coverage, and the compliance sophistication we look for in every partner.' Blue Remit, previously known as Worldwide Cash Express, draws on more than 50 years of financial services experience under Al Ansari Financial Services PJSC. As a B2B-oriented money transfer operator (MTO), it provides solutions for cross-border transactions. TerraPay streamlines global payments through a single connection to networks regulated in over 30 markets, supporting transfers to more than 150 receiving countries and 210 sending countries. TerraPay co-founder and chief business officer Ani Sane stated: 'Our mission has always been to simplify and accelerate global money movement. Partnering with Blue Remit allows us to extend this capability to a broader customer base, ensuring fast, transparent, and compliant remittances – especially to markets where speed and reliability matter most. In May, TerraPay partnered with Wave Mobile Money to facilitate cross-border remittances for Malians, enabling them to receive international funds directly into their Wave mobile wallets. "Blue Remit joins forces with TerraPay to enhance global payout capabilities " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
13-07-2025
- Business
- Zawya
Blue Remit and TerraPay forge strategic alliance to expand global remittance reach
Dubai, UAE – Blue Remit, the digital remittance subsidiary of Al Ansari Financial Services PJSC, has announced a strategic partnership with TerraPay, a global money movement company, to significantly expand its payout capabilities across multiple geographies. This partnership adds new strength to both entities to complement each other. By integrating Blue Remit's digital-first platform with TerraPay's interoperable infrastructure, the alliance enables real-time payouts to bank accounts, mobile wallets, and cards globally. The result is a faster, more transparent, and compliant remittance experience for customers sending money to underserved regions. 'Expanding the accessibility and performance of our remittance corridors is at the heart of Blue Remit's growth strategy,' said Rashed A. Al Ansari, CEO of Blue Remit. 'TerraPay brings strong infrastructure, deep market coverage, and the compliance sophistication we look for in every partner.' Ani Sane, Co-Founder and Chief Business Officer at TerraPay, added, 'Our mission has always been to simplify and accelerate global money movement. Partnering with Blue Remit allows us to extend this capability to a broader customer base, ensuring fast, transparent, and compliant remittances - especially to markets where speed and reliability matter most. This move also aligns with Blue Remit and TerraPay's common broader vision of building an inclusive remittance ecosystem. Both companies have been steadily expanding their partner network to support real-time, low-cost transfers that meet the expectations of today's digitally savvy users. About Blue Remit Blue Remit (previously known as Worldwide Cash Express), a subsidiary of the Al Ansari Financial Services PJSC, brings over 50 years of trusted expertise in financial services to the global remittance industry. As a B2B-focused Money Transfer Operator (MTO), Blue Remit partners with businesses to provide secure, swift, and reliable cross-border payment solutions. Leveraging the legacy of Al Ansari Exchange, we deliver efficient financial solutions that meet the highest standards of compliance and security in an ever-evolving global economy. About TerraPay TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 150+ receiving countries, 210+ sending countries, over 3.75 billion mobile wallets and 7.5 billion bank accounts. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant. Founded in 2014, TerraPay has built the global digital wallet interoperable network, driving financial inclusion even in the most remote markets. TerraPay is headquartered in London, with offices in cities like Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, and Singapore. Backed by leading investors including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues its rapid global expansion. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Zawya
14-05-2025
- Business
- Zawya
Blue Remit Partners with Western Union to offer cross-border money transfer services
Dubai, UAE – Blue Remit, a leading provider of innovative cross-border remittance solutions and a subsidiary of Al Ansari Financial Services PJSC, has signed a strategic collaboration partnership with Western Union. This partnership brings together Blue Remit's innovative digital platform and Western Union's vast global money transfer network, which spans over 200 countries and territories. Customers have the flexibility to transfer funds to billions of bank accounts and wallets worldwide, and for cash pick-up at locations abroad. 'We are proud to partner with Western Union, a brand synonymous with reliability and global reach,' said Rashed A. Al Ansari, Chief Executive Officer at Blue Remit. 'Together, we are broadening access to international money transfer services for our customers, offering them more choice, security, and convenience.' 'We are excited to partner with Blue Remit, a leading provider of cross-border remittance solutions,' added Giovanni Angelini, President of Europe, Middle East and Africa at Western Union. 'Through this collaboration, we remain committed to delivering exceptional value to our customers as we further our mission to make financial services accessible for all.' This partnership supports both companies' shared commitment to financial inclusion and innovation in cross-border money movement. With remittance corridors from the UAE continuing to play a vital role in the global economy, Blue Remit and Western Union are well-positioned to serve the evolving needs of individuals and families across the region. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Zawya
13-05-2025
- Business
- Zawya
Blue Remit Limited and Saad Exchange join forces to drive Innovation in Cross-Border Digital Payments
Dubai, UAE – Blue Remit Limited, a subsidiary of Al Ansari Financial Services PJSC, one of the fastest-growing digital remittance players, has partnered with Saad Exchange, a leading cross-border remittance provider in the UAE. This strategic alliance aims to expand access to secure, seamless, and compliant cross-border digital payment solutions through a wide variety of accessible channels for customers. The agreement was officially signed during the Dubai Fintech Summit 2025, where senior leaders from both organisations highlighted their shared vision for digital transformation, enhanced customer experience, and continued growth within the UAE's financial ecosystem. By combining Blue Remit's cutting-edge fintech capabilities and deep-rooted legacy, with Saad Exchange's strong market presence in the country, the collaboration aims to deliver a range of digitally enabled financial products. These offerings will be designed to meet the evolving needs of consumers seeking reliable, efficient, and instant cross-border money transfers. 'We are excited to partner with Saad Exchange to support their aspirations in the cross-border remittance space, being an agile partner like us.' said Omer Farooq, Director of Operations, Blue Remit Limited. 'This collaboration not only reinforces our commitment to ensuring seamless instant remittances but also adds more value to our users through enhanced credibility, regulatory strength, and innovation.' Muhammad Faiz Alam, CEO of Saad Exchange, stated: 'Partnering with Blue Remit marks a significant milestone in our journey to modernise traditional financial services. Together, we aim to support the UAE's ambition of becoming a global fintech hub by developing impactful, future-ready solutions tailored to the needs of our communities.'
Mid East Info
13-05-2025
- Business
- Mid East Info
Blue Remit Limited and Saad Exchange join forces to drive Innovation in Cross-Border Digital Payments - Middle East Business News and Information
Blue Remit Limited, a subsidiary of Al Ansari Financial Services PJSC, one of the fastest-growing digital remittance players, has partnered with Saad Exchange, a leading cross-border remittance provider in the UAE. This strategic alliance aims to expand access to secure, seamless, and compliant cross-border digital payment solutions through a wide variety of accessible channels for customers. The agreement was officially signed during the Dubai Fintech Summit 2025, where senior leaders from both organisations highlighted their shared vision for digital transformation, enhanced customer experience, and continued growth within the UAE's financial ecosystem. By combining Blue Remit's cutting-edge fintech capabilities and deep-rooted legacy, with Saad Exchange's strong market presence in the country, the collaboration aims to deliver a range of digitally enabled financial products. These offerings will be designed to meet the evolving needs of consumers seeking reliable, efficient, and instant cross-border money transfers. 'We are excited to partner with Saad Exchange to support their aspirations in the cross-border remittance space, being an agile partner like us.' said Omer Farooq, Director of Operations, Blue Remit Limited. 'This collaboration not only reinforces our commitment to ensuring seamless instant remittances but also adds more value to our users through enhanced credibility, regulatory strength, and innovation.' Muhammad Faiz Alam, CEO of Saad Exchange, stated: 'Partnering with Blue Remit marks a significant milestone in our journey to modernise traditional financial services. Together, we aim to support the UAE's ambition of becoming a global fintech hub by developing impactful, future-ready solutions tailored to the needs of our communities.'
