Al Fardan Exchange L.L.CPartners With UPT(formerly Aktif Bank) toOffer Their Customers Remittances in Turkey

Al Fardan Exchange L.L.CPartners With UPT(formerly Aktif Bank) toOffer Their Customers Remittances in Turkey

Dubai, UAE / 9January2023Al Fardan Exchange L.L.C, the leading money transfer and currency exchange firm which is licensed and regulated by the Central Bank of the United Arab Emirates (UAE), hasannounced 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.

Founded in 2010, the award-winningglobal money transfer and payment platformUPT, is the first of its kind in Turkey and can be utilized to send or receive money to and from a bank account, credit card or an individual, either domestically or internationally, and in multiple currencies.UPT is a subsidiary of Aktif Bank, the biggest private investment bank in Turkey.

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.”

Hasan Jaber Al Fardan, Deputy CEO, Al Fardan Exchange L.L.C., added: “This new partnership offers our clientele the opportunity to trade a new currency through an effortless process. The agreement brings with it a cost-effective, rapid, and widespread money transfer system. The ease of the system along with real-time cash pick-up will greatly improve our users’ experience and it is our hope to continue to strive towards greater opportunities such as this.”

Hakan Ozat, CEO of UPT, underlined, “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, expressed “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”


About Al Fardan Exchange

Al Fardan Exchange is a member of the Al Fardan Group, which has roots stretching back to 1954. Emerging from a seafaring and pearl trading tradition to a commercial trade, the Al Fardan name is built on a solid bedrock of security and reliability. Leveraging on the Group’s diversified business interests and successful operations in real estate, high-end jewellery and financial services, Al Fardan Exchange holds global reach with trust and credibility as its main ethics.

Established in 1971, Al Fardan Exchange has had the unique opportunity of playing a part in supporting communities who have helped build this nation, by helping them bring life to their own dreams – both here and in their home countries. Today, we are incredibly proud to serve the UAE’s cosmopolitan community through our 80+ strong network, spanning across all Emirates. Reinforced by strong relationships with over 150 global corresponding banks, financial institutions, and other financial service providers, we offer secure transactions that firmly place reliability and trust in the forefront.

To learn more about Al Fardan Exchange, visit

About UPT

Since embarking on a journey in 2010 as a subsidiary of Aktif Bank and Turkey’s first domestic, global money transfer and payment platform, UPT has been providing the opportunity to send money to accounts, credit cards and names in multiple currencies in Turkey and abroad. Offering a seamless experience with these services led UPT to become a significant player in money transfer Business in Turkey. Today, UPT has already reached 400 thousand transaction points in almost 200 countries around the World and continues to grow on 5 continents with it’s wide network to serve the communities across the World.

UPT as an innovative company that gives weight to digitalization, have been taking firm steps forward in the Fintech world with its mobile application UPTION. Providing IBAN in TL, USD and EUR to Turkish citizens and Turkish residents, UPT offers UPTION users the opportunity to transfer money to 176 countries and use the balance in their accounts all over the world, through using the UPTION card with the Mastercard Logo which works depending on these accounts.

To learn more about UPT, visit

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