Forbes Middle East ranks Alfardan Exchange as the Top Digital Exchange House in Qatar & Among the Top 5 Exchange Houses in Digital Transformation in GCC

Forbes Middle East ranks Alfardan Exchange as the Top Digital Exchange House in Qatar & Among the Top 5 Exchange Houses in Digital Transformation in GCC.

Alfardan Exchange, the leading exchange house in Qatar has once again been recognized by Forbes Middle East for being the Top Exchange House in Qatar going digital and among the top 5 exchange houses in Digital Transformation in GCC. The companies were evaluated on several factors such as the volume of digitally conducted transactions, the number of app downloads, number of users and other quantitative factors.

This recognition of excellence is once again reaffirming the pioneering position of Alfardan Exchange in the industry and confirms that their continued focus on customer centricity, innovation, and applying the latest technologies across all their services are indeed paying off.

Alfardan Exchange was launched in 1971 with the aim to provide financial services to the people of Qatar, and to meet the demands of a country witnessing a rapid influx of expatriates and overseas businesses.

Alfardan Exchange is well known for being a pioneer in their field by providing unconventional transacting channels and innovative offerings in partnership with leading financial organizations like Western Union, Master Card, Commercial Bank, and others. They are the only Exchange House in Qatar with the prestigious membership of the Union of Arab Banks, and they are also the Digital Master Agent for Western Union.

Alfardan Exchange operates several digital platforms (Mobile Apps and Electronic Portals) for transferring money from the Qatar to all over the world. These platforms are unique for their modernity and availability in several languages, making it easier for customers to complete their transactions with ease and safety. This is in addition to the advanced feature which Qatar central bank was a pioneer in approving it “know your customer electronically”, which greatly contributed to the digital transformation of the remittance industry in the State of Qatar; without compromising the quality of the procedures and controls applied for combating money laundering and terrorism financing. These platforms are helping to send money to hundreds of thousands of cash payout locations and to bank accounts around the world.

Alfardan Exchange strive continuously to develop its services to create new technological innovations that enhance its leadership position in the market, the partnership with MasterCard the leading company for payment systems to launch the multi-currency travel card; the first of its kind in the Qatari market, is just an example. Alfardan Master Card Cash Passport Platinum is the most secure alternative to cash, providing customers with a safe and comfortable way to carry their money while traveling and use it all over the world with ease and safety without being exposed to exchange rate volatility risks.

Customers can pre-load the card in up to six different currencies: (Qatari Riyal, US dollar, Pound Sterling, Euro, Canadian Dollar, and Australian Dollar) and use it to pay or withdraw in local currency from ATMs around the world, or use it also to Pay online from the comfort of their home or wherever they are.

Alfardan Exchange is a trusted partner with over 50 years of experience in the Qatari market. In addition to providing customers with all their needs from foreign currency exchange, Alfardan Exchange can guide its customers towards one of the best saving solutions, which is gold bars and coins. High quality Swiss gold is sold across all its branches ranging from 1 gram to 1-kilogram bars and coins that are imported from the best global manufacturers in Switzerland.

Alfardan Exchange offers a wide variety of financial services which are made easily accessible to everyone in Qatar, in partnership with an extensive network of banks and financial institutions of hundreds of thousands payment points around the world, thus providing the best possible access to financial services for their customers wherever they may be.

For more information on Alfardan Exchange, visit their website  and follow their Social Channels on Facebook, Instagram & Twitter for the latest news and information.

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