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Al Fardan Exchange & Al Etihad Payments unveil Aani instant payments platform

By Delisha Fernandes

November 01, 2023

  • Aani
  • Al Fardan Exchange
  • B2C payments
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Al Fardan Exchange, Aani, instant payments platform, Visa Platinum, digital payment, stakeholders, QR codes, payments, B2C payments, Fintech news, Fintech UAE

Al Fardan Exchange, a financial institution in the UAE, has launched the newly released Aani instant payment platform with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE).

Through this partnership, Al Fardan Exchange became the first Exchange House to launch this pioneering platform. Aani is currently available to Al Fardan Exchange’s Travelez Plus Visa Platinum customers to extend the platform to its full customer base soon.

Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, said, “We are honoured to collaborate with Al Etihad Payments and take the lead as the first exchange house in launching Aani. This innovative instant payment platform redefines digital transactions, bringing us closer to a cashless society and aligning with the UAE’s vision of nurturing a cashless economy. The era of seamless transactions has arrived, and we are proud to be pioneers in this revolutionary stride.”

With Aani, individuals, businesses, corporations, and government entities can now enjoy a revolutionary, secure digital payment experience with transactions processed instantly and securely 24/7. Al Fardan Exchange’s Travelez Plus Platinum Visa customers can benefit from many convenient features via the Aani mobile app.

These features include instant money transfers using only the recipient’s phone number, plus “Request Money” and “Split Bills” functions, streamlining various payment experiences. The platform also supports QR codes, enabling cashless payments at merchants.

Jan Pilbauer, CEO of Al Etihad Payments, said, “Aani promotes accessibility, ensuring all individuals, businesses, and government entities can enjoy the benefits of instant digital payments. I am confident that this collaboration with one of our key stakeholders, Al Fardan Exchange, will pave the way for a brighter future in the digital payment industry. The launch of Aani is a significant step towards the UAE’s vision of a cashless society, driving digital innovation and financial efficiency.”

In addition to the launch of Aani, Al Fardan Exchange’s Travelez Plus Visa Platinum card continues to cater to diverse travel needs in the UAE. The card offers various benefits, whether for corporate, recreational, educational, or local purposes.

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