UAE Innovation Month: Al Fardan Exchange L.L.C expands its offering of digital wallet options on its AlfaPay app in Africa and Asia

UAE Innovation Month: Al Fardan Exchange L.L.C expands its offering of digital wallet options on its AlfaPay app in Africa and Asia

UAE, 8 February 2023: Al 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), has expanded its offering on its AlfaPay app with users able to transfer payments to over 70 e-wallets in more than 25 countries, in celebration of the UAE Innovation Month “UAE Innovates 2023”.

The new digital wallets will enable AlfaPay users to benefit from seamless and efficient digital experiences, allowing them to send money instantly and securely in several countries in Africa and Asia.

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), GCash (Philippines), Jazz Cash (Pakistan), bKash (Bangladesh), eSewa (Nepal) and Dinarak (Jordan) are among the new wallets introduced.

Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, said: “We are thrilled to be expanding our offering through AlfaPay with the additions of highly popular wallet applications. When technology is evolving daily, and more people are using digital devices to complete regular transactions than ever before, 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.

“The expansion comes within the framework of community participation in UAE Innovation Month, which aims for creating solutions and initiatives that improve and develop the lives of society, as 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.”


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

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