RAKEZ join forces with Al Ansari Exchange to offer new payment option

By Amirtha P S, Desk Reporter
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Ras Al Khaimah Economic Zone (RAKEZ) and Al Ansari Exchange, a UAE-based foreign exchange and global money transfer company, have signed an agreement to widen the range of payment options available for the clients of RAKEZ.

As part of the deal, RAKEZ clients can make their payments through any Al Ansari Exchange branch in the UAE. The collaboration makes it more convenient and faster to settle payment transactions related to their RAKEZ companies.

The agreement was signed at RAKEZ headquarters by Mr. Ramy Jallad, Group CEO of RAKEZ, and Mr. Mohamad Bitar, Deputy CEO of Al Ansari Exchange.

Ramy Jallad
Ramy Jallad

“We are pleased to work with Al Ansari Exchange to offer our clients yet another way to easily complete their transactions. This initiative is part of our ongoing initiatives to become more accessible to our UAE-based clients. We will continue to build relationships with more strategic partners locally and internationally to ensure ease of doing business for companies flourishing in our zones.”

Commenting on the partnership, Mr. Bitar said, “Our partnership with RAKEZ reflects our shared aspiration to help drive innovative solutions and boost customer satisfaction through more flexibility and increased efficiency. Within our capacity as a prominent remittance and foreign exchange company, we aim to enhance the experience of businesses and investors and help encourage new entities to set up in the country. We are glad to offer RAKEZ’s clients a convenient, reliable and secure way to pay their fees via our network of more than 200 strategically located branches in different parts of the UAE.”

The economic zone’s clients can also complete their transactions through RAKEZ Portal 360, a payment link on RAKEZ invoice that leads to a secured online payment gateway, bank transfer to the account detailed on their invoice and UAE-issued cheques that can be deposited via ATMs.

Related: Emirates First Group unveils ground-breaking installment payment scheme for MSMEs