Nium and Al Fardan Exchange L.L.C. raise funds for Dubai Cares

4 Minute read
2 years ago

Licensed under IACAD permit no. 4322

AED 100,000 donated following charity cricket match

Dubai, UAE – November 23, 2021: Nium, a global payments and card issuance leader, and the UAE’s pioneering international money transfer and foreign exchange company, Al Fardan Exchange L.L.C., have raised AED 100,000 for the charity Dubai Cares.

The two companies, who have entered a strategic partnership that will enhance pay-out services for Al Fardan Exchange L.L.C. customers in key global markets, raised the money during a charity cricket match in Abu Dhabi. Adding some star power to the match were members of the UAE national cricket team, including the likes of Ahmed Raza, Zahoor Khan and Chirag Suri, who participated along with invited guests and partners.

“It was great to see two businesses, united in partnership and united in sport, playing a game we love to benefit Dubai Cares and its dedication to youth educational programming,” said Jeremiah Glodoveza, Global Head of Brand and Communications at Nium.  We enjoyed the opportunity to join with Al Fardan Exchange for the love of cricket and for such an important cause, and we now look forward to a fruitful partnership well into the future.”

Welcoming the funds was Abdulla Al Shehhi, Chief Operating Officer of Dubai Cares, who was presented with a cheque following the match by Frederick Crosby, Chief Revenue Officer Nium, and Mohammed Al Fardan, Vice chairman, Al Fardan Exchange.

Mohammed Al Fardan, Vice Chairman of Al Fardan Exchange L.L.C., said: “We are delighted to be making this contribution to such an important cause, in partnership with Nium. We believe that this donation will be well received and touch the lives of many, making a positive social impact while ensuring inclusive and quality education for all and promoting lifelong learning through Dubai Cares’ valuable programmes.”

The event was hosted as part of a series of activities that will be implemented following Nium and the ICC’s sponsorship agreement announcement.


About Nium

Nium is a leading embedded fintech company that provides banks, payment providers, and businesses of any size with access to global payment and card issuance services via one API. Its modular platform enables pay-outs, pay-ins, card issuance, and banking-as-a-service.

Once connected to the Nium platform, businesses can pay out in more than 100 currencies to over 190 countries – 85 of which in real time. Funds can be received locally in 33 markets, including Southeast Asia, the UK, Hong Kong, Singapore, Australia, India, and the US.

Nium’s growing card issuance business is already available in 32 countries, including Europe (SEPA), Hong Kong, the UK, Australia, and Singapore. Core to Nium is its licence infrastructure, built over time in some of the fastest growing economies. Nium owns the broadest licence portfolio, covering 11 of the world’s jurisdictions, enabling seamless global payments and rapid integration, across multiple geographies.

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About Al Fardan Exchange

Al Fardan Exchange is a member of the Al Fardan Group, one of the leading family-owned conglomerates in the region with a 50-year legacy. It is one of the many different businesses across several sectors under the umbrella of Al Fardan Group, ranging from real estate, to high- end jewellery to trading. The success of the group is largely built upon the business acumen and strong personal values espoused by its founder, Ibrahim Al Fardan, who established himself as a respected pearl trader back in 1954.  Established in 1971, we are proud to serve the UAE’s cosmopolitan community through our 70+ 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. Al Fardan Exchange is licensed and regulated by the Central Bank of the UAE.

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