Dubai's Al Ansari Financial Services sets up operations in India

UAE FX remittance leader Al Ansari chooses Hyderabad for new base

Last updated: June 02, 2025 | 11:10

Manoj Nair, Business Editor

1 MIN READ

DFM-listed Al Ansari has been expanding its operations in key Gulf markets. The move into India is more about back-end tech and other support services.

Gulf News Archive

Dubai: Dubai's Al Ansari Financial Services is launching a base in India.

Based in southern Indian city of Hyderabad, Al Ansari will operate a business solutions center and one which will help raise better cost-effectiveness and productivity.

Al Ansari has the highest market share of the UAE's remittance market and has been expanding its way into other Gulf territories through a series of acquisitions. The latest was in Bahrain.

Also Read: Dubai's Al Ansari to launch digital wallet - users can open digital accounts, get pre-paid cards

The India operations will help with the back-end technological requirements.

"By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group’s digital transformation journey," said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services.

"We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.”

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.