EP 59: From Pearl Trading to Digital Wallets with Hasan Al Fardan

Couchonomics with Arjun

In this riveting episode of Couchonomics, we delve deep into the complex world of money exchange, remittance, and financial inclusion. We discuss how technology is changing the landscape while traditional services continue to serve a critical role.

We're honored to host Hasan Fardan Al Fardan, the CEO of Al Fardan Exchange L.L.C., a pioneering financial institution in the UAE with roots stretching back to 1954. Hasan guides us through his journey in transforming a family business into a modern financial powerhouse, serving communities both local and international.

Hasan shares insights on their digital application, AlfaPay, and their strategic partnership with Western Union, as well as how they're adopting Central Bank Digital Currencies (CBDCs). The conversation explores the meaning of true financial inclusion, extending beyond mere money transfer to broader financial services like loans and mortgages.

Other Topics Discussed:

· The historical legacy of Al Fardan Exchange

· Importance of Compliance and Governance

· The growing relevance of the African corridor in remittance

· The role of financial literacy in boosting inclusion

· Future expansion and new product offerings by Al Fardan Exchange

Don't miss this eye-opening conversation that navigates through the past, present, and future of money exchange and financial services. Hasan Al Fardan enlightens us on how Al Fardan Exchange is not just a financial service provider but a lifeline for millions globally. Join us in this insightful journey that promises to redefine how you think about money, technology, and human connection.

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