Al Ansari Exchange expands bill payment services through partnership with BILRS
Dubai, UAE – Al Ansari Exchange, the leading remittance and foreign exchange service provider in the UAE, has announced a strategic partnership with BILRS Payment Services Provider Co LLC, a global leader in bill payment solutions. This collaboration will enable customers to make seamless international and domestic bill payments across Al Ansari Exchange's extensive branch network.
Through this partnership, customers can easily pay for essential services in their home countries, including water, electricity, gas, education fees, Direct-to-Home (DTH) services, and other household expenses across India, Pakistan, Philippines, Egypt, and more. UAE-based bill payments are also available, covering Dubai Police fine payments, Salik top-ups, NOL top-ups, Mawaqif payments, and more essential services.
This initiative enhances Al Ansari Exchange's service portfolio, providing customers with a one-stop solution for their financial transactions. By integrating BILRS's bill payment solutions, Al Ansari Exchange ensures a smooth and secure payment experience for customers, further reinforcing its commitment to innovation and service excellence.
Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, commented: 'At Al Ansari Exchange, we continuously seek innovative solutions to enhance customer convenience. Our partnership with BILRS allows us to expand our bill payment services, making our branches a one stop shop for easier and more accessible payments, whether locally or internationally. This aligns with our mission to offer seamless, secure, and efficient financial services.'
Rupert Shaw, Chief Executive Office of BILRS, added: 'We are excited to partner with Al Ansari Exchange to bring our bill payment solutions to a wider audience in the UAE. This collaboration ensures that customers can pay their bills effortlessly, knowing their transactions are secure and efficient. Together, we aim to provide an unmatched level of convenience and reliability.'
With this new service, Al Ansari Exchange continues to reinforce its position as a trusted financial services provider, offering innovative solutions that cater to the evolving needs of its customers.
-Ends-
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Post
26 minutes ago
- Arabian Post
UK Fintech OpenTrade Secures £5.5M to Boost Stablecoin Yield Services
OpenTrade, a London-based fintech infrastructure provider, has closed a £5.5 million funding round, led by Notion Capital and Mercury Fund, raising its total capital to around £8.5 million since inception. The investment is earmarked to scale its build-out of real-world asset-backed stablecoin yield services across high-inflation markets in Latin America and Europe. OpenTrade embeds 'yield-as-a-service' into fintech apps, allowing users to earn interest on USD and EUR stablecoins—rates that significantly outperform traditional banking options. Fintech clients such as Criptan in Spain and Littio in Colombia now offer yields up to 9%, compared with local bank APRs of under 0.5%. Co-founders Dave Sutter, Jeff Handler, and Tom Niermann have close links to USDC's Centre consortium and hold decades of digital assets experience. They launched OpenTrade in early 2024 to address demand from emerging markets, where inflation erodes savings and dollar-denominated banking returns are negligible. The platform has since managed approximately $47 million in assets and processed nearly $200 million in transaction volume, growing at an average of 20% month-over-month. ADVERTISEMENT The round also saw participation from a16z crypto, AlbionVC, and CMCC Global, reflecting continued investor confidence. OpenTrade intends to direct the funds towards enhancing its technological capabilities, supporting growth in client-facing applications, and broadening its product suite to include a wider range of real-world asset-backed instruments. The company's timing aligns with a broader surge in stablecoin infrastructure. Globally, stablecoin transaction volumes now exceed $20 trillion annually—outpacing conventional payment systems such as Visa, Mastercard, and PayPal. For fintech firms in emerging economies, embedding stablecoin yields into everyday platforms is reshaping perceptions of crypto, transforming digital currencies from purely transactional tools into accessible savings vehicles. Argentina and Colombia exemplify this shift. Dollar accounts are rare, and where available, yields are negligible. In Colombia, dollar-denominated APRs are below 0.4%, while Littio users, through OpenTrade, attract up to 6%. Spain's Criptan offers up to 9% in EUR stablecoin returns—generating user traction by outperforming traditional savings products. Despite the rapid uptake of stablecoins, mainstream users in many regions face roadblocks: regulatory frameworks for safe yield generation have lagged behind adoption. OpenTrade bridges this gap by offering compliant real-world asset backing and embedded yield capabilities, supporting regulatory alignment while extending market reach. This funding arrives amid a regulatory pivot in Europe. The Financial Conduct Authority plans to unveil discussion papers on stablecoin issuance and custody in Q4 2025, aligning with the EU's Markets in Crypto-Assets framework. OpenTrade's growth strategy demonstrates fintechs' ambition to navigate both innovation and regulation in stablecoin infrastructure. Fintech founders view embedded stablecoin yield as essential for financial inclusion. Sutter has emphasized that stablecoins have become crypto's 'killer app' and that over a third of Latin American consumers have used them for purchases. OpenTrade is positioned as an enabler: the platform supports deposits, withdrawals, and yield generation directly within existing fintech interfaces. Investor sentiment adds context. Notion Capital's Itxaso del Palacio remarked that the $240 billion stablecoin market needs robust infrastructure. Mercury Fund's Samantha Lewis described OpenTrade as 'core financial infrastructure for the next generation of fintech'. These endorsements highlight confidence in both OpenTrade's leadership and market relevance. Looking ahead, OpenTrade aims to expand its reach over the next 12–18 months. Key areas include launching new yield products, incorporating diverse asset classes, and enhancing the user experience for fintech clients. The vision is to become the go-to partner for compliant stablecoin yield solutions, competing across developed and emerging economies where rising inflation, currency volatility, and limited access to traditional deposits persist.
Zawya
27 minutes ago
- Zawya
KEZAD Group announces development of KEZAD Business District
ABU DHABI - Khalifa Economic Zones Abu Dhabi - KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, has announced the development of KEZAD Business District (KBD), Abu Dhabi's newest business destination. Strategically located with frontage at the gateway of the E11 arterial corridor between the capital and northern emirates, KEZAD Business District is part of the wider 410 square kilometre-KEZAD Al Ma'mourah master development. Initially planned over approximately 3 square kilometres, the area will be developed in phases with infrastructure works currently underway. New developments include a 21,000 square metre-office tower, sporting facilities and food and beverage (F&B) retail facilities adjacent to the KEZAD Group HQ building, KEZAD One. KEZAD Business District is strategically located along the E11 inter-emirate highway between Abu Dhabi and Dubai, and provides exceptional connectivity to all major logistics, industrial and business areas within short driving distance. It is planned as an integrated mixed use commercial hub that will enable close collaboration between academia, businesses and industry while having a thriving social pulse. KEZAD Business District is also advantageously located next to three landmark projects: the 70,000 square metre-twofour54 media production campus; the 3.3 square kilometre-Abu Dhabi Food Hub, and the 3.3 square kilometre-Global Auto Hub – the latter two being developed by KEZAD Group as part of a pioneering public-private investment. Abdullah Al Hameli, CEO of Economic Cities and Free Zones at AD Ports Group, said, 'The ambition and inventiveness that we have applied to developing and operating one of the world's most integrated, thriving and largest industrial ecosystems is the same one that we will employ to deliver a next-generation business district that will further elevate Abu Dhabi's proposition to global investors." He noted that the development of KEZAD Business District continues KEZAD Group's investment in Abu Dhabi's polycentric urban expansion, with KEZAD Al Ma'mourah seen as a critical economic centre in the nation's future-forward growth strategies. 'Aside from re-emphasising our commitment to provide our investors with end-to-end solutions to grow their businesses, KEZAD Business District will offer development opportunities and catalyse new investments in the wider KEZAD Al Ma'mourah masterplan. We are very proud and excited to attract new, frontier businesses and commercial activities that will propel our nation's economy into the future,' he added. KEZAD Business District is extraordinarily located at the confluence of major transport links with Khalifa Port being only 15 minutes away, Zayed International Airport being a 25-minute drive away, and linked to rest of the UAE by the high-speed Etihad Rail and two major highways. With unparalleled proximity to Dubai, KEZAD Business District is less than a 30-minute drive away from Jebel Ali Port and Dubai World Central - Al Maktoum International Airport. When completed, KEZAD Business District will serve as an attractive site for investors to set up their regional headquarters, research and innovation centres, training facilities and other operations, and a compelling option complementing service providers, educational institutes, among others. Serving as a secondary business district comprising a commercial hub with a vibrant mix of office, retail, residential, lodging, education, professional training and leisure components, KEZAD Business District aims to establish itself as a major commercial centre, and the heart of KEZAD's advanced manufacturing and economic ecosystem.
Zawya
27 minutes ago
- Zawya
Create. partners with Dubai Economy & Tourism to launch AI-powered learning portal for entrepreneurs
Dubai, UAE – Create. has partnered with Dubai Economy & Tourism (DET) to create an innovative course portal designed to enhance the learning experience for entrepreneurs at every stage of their journey. This innovative platform integrates a dynamic website with a custom-built AI-powered learning system, marking a significant step in positioning Dubai as a global business hub under the D33 Vision. Recognising the need to equip new and aspiring entrepreneurs with essential business knowledge, the Dubai SME Hub was developed as an accessible, scalable, and cost-effective learning solution. The portal features AI-generated content that is designed, written, and presented by AI, ensuring high-quality, personalised learning experiences. DET challenged Create. to push the boundaries of AI-powered education, inspiring the team to develop a platform that redefines how knowledge is created and shared. This vision led to the development of an advanced AI-driven learning system that delivers intelligent, adaptive, and scalable educational experiences tailored to the needs of entrepreneurs. In just a short timeframe, Create. successfully delivered 70 lessons across seven subjects in both English and Arabic—amounting to 140 video modules plus online tutoring. To achieve this at scale, the team developed an end-to-end AI workflow that streamlined content creation while maintaining human oversight where it mattered most. The AI-driven workflow not only accelerated content production but also resulted in an estimated 10x savings in time and costs. The learning hub effectively serves as a personalised start-up incubator, providing aspiring entrepreneurs with the tools to navigate their business journey with confidence. Additionally, the platform also includes an AI Tutor, a conversational chatbot that is trained on the content so that users could get recommendations for what to study based on their needs or even ask questions at any time and get real, context-aware feedback along their learning journeys. 'At Create., we are leading AI-powered education for the region, reimagining how knowledge is created and delivered at scale. By developing all new AI workflows, we've enabled one-to-one business learning experiences without the heavy costs typically associated with launching traditional training programmes. This initiative represents the future of education; adaptive, scalable, and deeply impactful. We are truly proud to be at the forefront of this transformation.' Says Romain Colomer, Experience & Innovation Director at Create. Following the successful launch of the platform, the initiative has now entered Phase 2, which focuses on expanding course content, increasing learner engagement, and further refining AI-powered production processes to enhance efficiency and scalability. Check it here: About Create. Create. is the Middle East's leading strategic digital communications agency, with a team of 160+ across the UAE, Saudi Arabia, and Egypt, and part of the Code and Theory family of agencies under the Stagwell Global Network. They have also been named Campaign Middle East's Digital Agency of the year, for the third consecutive year. The agency partners with destination brands, nation builders and visionaries to drive positive cultural and economic transformation. The team is built to deliver digital strategy, products, content, and innovation through a culture focused on driving impact, with award-winning quality, at speed. For further information, please contact: talktous@ Discover more about Create:
