Dubai: Al Ansari Financial Services PJSC has expanded its regional cross-border payments network through new partnerships between its subsidiaries in Bahrain and Kuwait and global money transfer company Western Union.
The agreements with Bahrain Financing Company (BFC) in Bahrain and Bahrain Exchange Company WLL (BEC) in Kuwait will give customers wider access to Western Union’s international money transfer services, covering more than 200 countries and territories.
In Bahrain, customers will be able to use Western Union services through BFC’s network of 54 branches across the country. In Kuwait, BEC customers can access the service through 53 branches, including outlets at Kuwait International Airport.
The expansion comes as demand for international payment services continues to grow across the GCC, driven by increased people movement, expanding business connections and the importance of remittances for individuals, households and companies.
Through the partnerships, customers will benefit from faster transactions, enhanced digital services and easier access to secure international transfers through established local financial brands.
Mohammad Bitar, Deputy Chief Executive Officer of Al Ansari Financial Services Group, said the partnerships support the group’s regional growth plans by strengthening the services offered by its subsidiaries.
“By combining the trusted local presence of BFC and BEC with Western Union’s extensive global network, we are enhancing our remittance services by offering customers greater convenience, access and choice when transferring money internationally,” he said.
Nicolas Levi, Regional Vice President and Head of Middle East, Pakistan and Afghanistan at Western Union, said the expanded collaboration would help customers send money internationally through reliable and convenient channels.
“By combining Western Union’s global money transfer network with the strong local presence of BFC and BEC, we are making it easier for customers to connect with their families around the world,” he said.
The latest partnerships are part of Al Ansari Financial Services’ broader strategy to strengthen its regional financial services platform and improve access to international payment solutions in the GCC markets.
