UAE-based Al Fardan Exchange L.L.C has expanded its range of digital wallets and AlfaPay app services in Africa and Asia, the money transfer and currency exchange firm has announced.
Digital wallet users in Egypt will now be able to receive transactions through popular mobile wallets such as Vodafone Cash, CIB Smart Wallet, QNB, Ma7fazty, NBE Phone Cash, Etisalat Cash and Qahera Cash.
Other wallets added to AlfaPay include AirTel Money (Uganda, Niger, Rwanda, Kenya, Tanzania and Zambia) and MTN Mobile Money (Cameroon, Rwanda, Uganda, Ghana, and Zambia).
The expansion comes within the framework of UAE Innovation Month, which is aiming to create solutions and initiatives that can help advance society. The firm, which is licensed and regulated by the Central Bank of UAE, has also introduced new wallets into each of Philippines, Pakistan, Bangladesh, Nepal and Jordan.
Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, said, “AlfaPay provides more flexibility and convenience, allowing our users to transfer or receive their money at any time with just a few clicks of a button.”
He added, “This step reflects Al Fardan’s commitment to providing innovative solutions that aim to develop and facilitate customer experience in the money transfer field. This is an important milestone in our history and will greatly enhance the customer experience for AlfaPay users going forward in Asia and Africa.”