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Al Fardan Exchange partners with UPT to offer remittances to Turkey

By Leandra Monteiro

January 11, 2023

  • Al Fardan Exchange
  • Cross Border Payments
  • Instant Payments
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Al Fardan Exchange, UPTAl Fardan Exchange L.L.C, the money transfer and currency exchange firm which is licensed and regulated by the Central Bank of the United Arab Emirates (UAE), has announced its partnership with Turkish global money transfer platform, UPT, providing its UAE customers the opportunity to send remittances to Turkey.

The partnership extends customers the service of real-time cash pick-up in Turkey from any of the 7,000+ Turkish Post and UPT Money transfer locations in the country and bank account transfers, ensuring a smooth and seamless process for customers. This convenient service also applies to CIS countries such as Azerbaijan, Uzbekistan, Kyrgyzstan & Georgia.

For customers based in the UAE, the two-way partnership appoints Al Fardan Exchange as the processor for customer pay-outs coming into the UAE, adding a new choice to the array of options, and bringing in more value for existing and new customers alike.

Hasan Fardan Al Fardan, CEO of Al Fardan Exchange L.L.C., said, “We are pleased to partner with a platform like UPT and widen our scope and reach for our customers. This partnership brings with it a new wave of innovation and expands the horizon for our competitive remittances for our customer base in the UAE.”

Hakan Ozat, CEO of UPT, said, “We are excited for our partnership with Al Fardan Exchange which is the leading money transfer firm in the UAE. We saw that both companies share similar customer-oriented ethical values and innovative approaches. It’s apparent that customers will enjoy the fast, transparent and seamless money transfer services emerging by the partnership of our companies.

Murat Kastan, EVP of International Partnerships, said, “We are proud to start the partnership with Al Fardan Exchange. With this partnership we are providing unique services to our customers with fair fees. These value added services will enable instant transfers with several options such as cash payouts, bank account transfers and transfers to our mobile app UPTION. We will continue to work with Al Fardan’s team to add innovative services.”

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