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Al Ansari Exchange(AAE) Travel Card – Benefits, fees & Charges

Al Ansari Exchange Travel Card (AAE Travel Card) is the smartest and comfortable way to travel. It is a rechargeable prepaid card which is every traveler’s dream where payments can be made in different currencies wherever Visa cards are accepted.

Since Al Ansari Exchange travel card has restricted limits, it is one of the best ways to stay within the budget and restrict purchases. With this travel card, you can select interest rates and the currency you want to purchase before you get to travel. This is one feature that a usual credit card does not have.

Check:   5 Best Credit Cards for Travel in UAE

Currencies available on the AAE Travel Card:

Al Ansari Travel Card can be used to pay for goods and services with any foreign currency. It can hold up to 14 different currencies. The currencies available in AAE Travel Card are US Dollar USD, Singapore Dollar SGD, Canadian Dollar CAD, Hong Kong Dollar HKD, Thai Baht THB, Indian Rupee INR, Arab Emirates Dirham AED, Japanese Yen YEN, Omani Rial OMR, EUROS EUR, Pound Sterling GBP, Bahraini Dinar BHD, Qatari Riyal QAR and Australian Dollar AUD.

Fees and Charges of Al Ansari Exchange Travel Card:

The costs corresponding with AAE Travel Card are very few. You just have to pay card insurance fee which is AED 30, minimum initial load which is AED 100 and supplementary card fee is AED 30. There is no need to pay for services like mobile app and online account, all these services are free of cost along with this card.

Few benefits of AAE Travel Card over Debit and Credit Cards:

• By using this card, expenses can be managed easily. As soon as the amount loaded in the card gets over, you cannot use AAE travel card for further payments unless you refill the amount in your travel card. This feature is only for spendthrift people, who tend to drain out their cards by doing high-value impulse purchases.
• In case your card gets stolen you will be allotted with a supplementary card 
• There is a special feature in this card- You can suspend this card after one trip and can reactivate it before your next trip. This can be done for upto a period of 5 years. In this way you can ensure that the given card cannot be used in between trips and you don’t stand liable for inactivity fees.
• You are allowed to load multiple currencies in a single card with a great exchange rates as you spend in any of the foreign currency.
• You can use the unspent fund in your next trip or you can also withdraw your card.
• These cards are way more safer than debit and credit cards, if the card is lost or stolen, hackers will only be able to use the amount present on the card.
• You can refill your AAE travel card from any of the Al Ansari Exchange branches all over the UAE.
• You can use it in store, online or to withdraw local currency from the ATMs that accepts VISA cards.
• Travel cards can be used by students who are travelling or going for international summer camps. These cards don’t have minimum age requirement unlike credit cards.
• Travel cards can have multiple users. It is possible to remit money to friends and family members living overseas.

Also, check: Zero Installment Plan in UAE

With these benefits Al Ansari Exchange Travel Card becomes a better option than credit cards and debit cards, while going abroad to travel or for work purpose.

About the author

Surbhi Singh

Surbhi Singh is a MBA graduate. What brought her here is her love for learning something new everyday and her obsessively interest in social media. She is a believer of the quote "No act of kindness, however small, is ever wasted" and does her part of the contribution to the society by serving in a social service club called Pahel. In her free time she likes to travel to new places and experience the beauty, food and people of different region.

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Multi-Currency Cards Were Trending at Seamless Middle East This Year

It’s perhaps no coincidence that two high-profile multi-currency travel cards we announced at Seamless Middle East this year.

Middle Easterners are getting comfortable with mobile payments. The demographic is young, the market is filled with aspirational travellers, and a strong mobile adoption makes Middle East’ mobile payments future bright.

Travellers from the Middle East also have a reputation for being big spenders when they travel overseas.

All of these factors leads to this: Middle East’ groomed populace would miss the convenience of mobile wallets while they travel, where they are often said to spend a lot of money.

This is why two separate parties have decided to launch their own version of a multi-currency card, specifically targeting Middle East’s tourists.

1. Mint Middle East

Image Credit: Mint

According to Mint, a payment solutions provider, 7.6 million outbound travels happened last year, and at the  moment, 55% of the travel expenses are cash-based. That accounts for a total of US$10.4 billion spent in cash, said Mint.

To that end, the company is selling their e-wallet tied multi-currency prepaid travel cards as a safer alternative to carrying cash.

The app will allow up to 25 currencies for multiple linked accounts with 6 active currencies. All their transactions and balance can be seen on their app in real-time.

Mint’s offering is also geared towards enabling exchange houses to go to market quickly, and thus allows multi-currency cards to be white labelled or co-branded according to the needs of exchange houses. A key offering for exchange houses is achieving Know Your Customer (KYC) compliance, a principle that is law in some countries, and best practices in others.

2. Al-Ansari Exchange Multi-Currency Card

Image Credit: Wirecard

The Al-Ansari Exchange teamed up with Wirecard, a Swiss fintech company to issue its multi-currency Visa travel card, created for both online shoppers and travellers.

Payments can be made in 16 different currencies, and exchange rates can be locked in before trips, all done via a mobile app. Therefore, customers can also check their history and balance via app, and even instantly lock the card if lost, stolen or just unused.

The Al-Ansari Exchange travel card would also allow customers to withdraw local currency at any Visa ATM worldwide, or exchange foreign currencies within the currency card wallets.

Users would also be able to hold multiple wallets at a time, and also gain benefits from some Visa Platinum features, like travel discounts and upgrades.

Featured image via Seamless Middle East 

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Wirecard, Al Ansari Exchange collaborate to launch new card solution

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German payments company Wirecard has collaborated with UAE-based Al Ansari Exchange to launch a new multi-currency card solution.

It will also offer an accompanying mobile app.

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The newly launched Al Ansari multi-currency Visa Platinum Card will enable users to make payments in 16 different currencies.

The travel card can be used to make online payments. Furthermore, users can withdraw money at more two million Visa ATMs and exchange foreign currencies.

The card can be recharged at any Al Ansari Exchange’s branch network within UAE.

The accompanying mobile app will also allow users to fully manage the card wallets.

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In case the card is lost, stolen or simply unused, customers can instantly lock it using the app. It will also allow users to check their card balance and transaction history.

Creating innovative card solutions

Wirecard said that its advanced authorisation algorithm will enable able customers to hold multiple wallets. They can also check available payment balance in preferred currency.

Al Ansari Exchange general manager Rashed Ali Al Ansari said: “At Al Ansari Exchange, it is our desire to provide world-class products and services to our customers with maximum comfort and convenience, using the latest technology.

“Wirecard shares this goal and this is why they are the ideal partner for us, helping us to deliver an innovative and enhanced multi-currency solution that meets the needs of our customers.”

Wirecard regional managing director Nabila Nouinou said: “Just like Wirecard, Al Ansari Exchange uses innovation to redefine the customer experience. We are proud to work with Al Ansari Exchange to introduce the new multi-currency Visa Platinum travel card to the market.

“Travel cards are an excellent value-added service to help travel and tourism companies as well as financial institutions increase customer loyalty and distinguish themselves from the competition.”

In January this year, Wirecard expanded its partnership with Google Pay , making boon available in Ireland, Spain and the UK.

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PRESSR: Al Ansari Exchange announces seamless instant payments with Aani Integration

UAE: Al Ansari Exchange, the largest remittance and foreign exchange company in the United Arab Emirates (UAE), and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI], announced its partnership with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), to elevate customer satisfaction through the utilisation of Aani, an instant payment platform aimed to revolutionise the digital payments landscape in the UAE.

This strategic partnership will allow all Al Ansari Exchange customers to enjoy simple, secure, and instant digital payments, such as money transfer, bill settlement and peer-to-peer payments via the recipient’s mobile number, email or a QR code, instead of the usual exchange of long and complex International Bank Account Numbers (IBANs). Additionally, Aani offers a comprehensive suite of advanced payment technologies, including Proxy Payments, QR-code-based payments, Request to Pay and Split Bills.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said: “Our collaboration with Al Etihad Payments represents our ongoing commitment to digital innovation and prioritising customer needs. With Aani, we are empowering our customers with a platform that offers convenience, security and speed in their digital payment transactions. We commend the CBUAE and AEP for pioneering this initiative, which aligns with our shared goal of driving financial inclusivity and innovation in the region.”

Jan Pilbauer, Chief Executive Officer of Al Etihad Payments said: “Empowering consumers and businesses alike, Aani prioritizes digital financial inclusion, creating efficiency and accessibility within the UAE’s financial ecosystem. Through strategic collaborations with key partners like Al Ansari Exchange, Aani aims to amplify its reach and impact. By integrating Aani into their services, financial institutions not only enhance their offerings but also contribute to the advancement of a cashless society, ushering in a future where innovation and collaboration redefine the way we transact.”

By linking their accounts to the Aani app, Al Ansari Exchange customers can complete their transactions at any of the Al Ansari Exchange branches across the UAE or on the mobile app. Moreover, Aani will be integrated with Al Ansari Exchange WPS Payroll card and prepaid cards, providing customers expanded access to merchant payments and instant transfers to any bank account, cards and wallets in the UAE supported by Aani.

By introducing and integrating this platform into its services, Al Ansari Exchange demonstrates its proactive approach to delivering innovative solutions that address the evolving needs of its customers. This initiative reaffirms Al Ansari Exchange’s support to the UAE’s government commitment to digitise the economy and advance the financial sector.

About Al Ansari Exchange:

Al Ansari Exchange, the subsidiary of Al Ansari Financial Services P.J.S.C. and the largest outward personal remittance and foreign exchange company in the UAE.

Al Ansari Exchange, established in 1966 and licensed by the Central Bank of the UAE, is the UAE’s first exchange company that grown to be the largest outward personal remittance and foreign exchange company in the country with over 256 branches across the Emirates (as of December 2023). With over 4500 multilingual employees, the Company conducts 134 thousand transactions per day (as of December 2023). Al Ansari Exchange has contributed about 40% of the core operating income of exchange houses in the country and constituted 74% of the consolidated net profit for the exchange houses. In terms of contribution to the foreign exchange business, Al Ansari Exchange made up 32% of the income generated by exchange houses as well as 46% of income in the remittance business. Since its founding, the Company has significantly scaled its digital presence through its award-winning app, website and in-branch smart counters, enabling it to capture a 41% share of the digital outward personal remittances market among exchange houses in 2021, according to a report by Edgar, Dunn and Company.

For more information visit https://alansariexchange.com/

For further information, please contact:

Orient Planet Group (OPG)

Tel:  +971 4 4562888

Email: [email protected]

Website: www.orientplanet.com

© Press Release 2024

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Al Ansari Exchange to offer Aani instant payment services to UAE customers

Business banking & insurance.

• Travel & Tourism

Al Ansari customers can transfer money, settle bills via recipient’s mobile number

Dubai: UAE-based remittance and foreign exchange company Al Ansari Exchange announced Monday that it has signed a partnership deal with Al Etihad Payments (AEP), a Central Bank of the UAE (CBUAE) subsidiary, to provide Aani instant payment services to its UAE customers.

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With the partnership, Al Ansari Exchange customers can use Aani to make simple, secure, and instant digital payments, such as money transfers, bill settlements, and peer-to-peer payments, via the recipient’s mobile number, email, or QR code instead of the usual exchange of long and complex International Bank Account Numbers (IBANs).

Moreover, Aani will also be integrated with Al Ansari Exchange WPS Payroll card and prepaid cards, providing customers expanded access to merchant payments and instant transfers to any bank account, cards and wallets in the UAE supported by Aani.

Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said, “With Aani, we are empowering our customers with a platform that offers convenience, security and speed in their digital payment transactions.”

Aani also offers a comprehensive suite of advanced payment technologies, including proxy payments, QR-code-based payments, request-to-pay, and bill splitting, the company said in a statement.

The company explained that by linking their accounts to the Aani app, Al Ansari Exchange customers can complete their transactions at any of the Al Ansari Exchange branches across the UAE or on the mobile app.

Jan Pilbauer, Chief Executive Officer of Al Etihad Payments, said, “Empowering consumers and businesses alike, Aani prioritizes digital financial inclusion, creating efficiency and accessibility within the UAE’s financial ecosystem. Through strategic collaborations with key partners like Al Ansari Exchange, Aani aims to amplify its reach and impact. By integrating Aani into their services, financial institutions enhance their offerings and contribute to the advancement of a cashless society, ushering in a future where innovation and collaboration redefine the way we transact.”

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