MEX Global’s Cash Payout Service: A Game-Changer for UAE Clients

In an exclusive interview with Naser Taher, Founder and Chairman of MultiBank Group, Financial Integrator delves into the company’s strategic partnership with Al Ansari Exchange, which has launched innovative cash payout services to improve financial accessibility in the UAE. As part of its global expansion, MultiBank Group is leveraging cutting-edge technologies such as AI, blockchain, and digital assets to fuel growth and address the evolving needs of its clients.

What inspired MEX Global to introduce cash payment services in partnership with Al Ansari Exchange, and what core objectives are you aiming to achieve with this service in the UAE market?

At MultiBank Group, we are committed to staying ahead of market trends by innovating and adapting our offerings, ensuring it meets the evolving demands of the financial world. Through our subsidiary, MEX Global, we introduced this innovative cash payout service in partnership with Al Ansari Exchange to provide clients in the UAE with a more seamless, flexible, and accessible way to manage their funds.

By leveraging Al Ansari Exchange’s extensive branch network, we aim to simplify financial transactions, offering our clients the convenience of depositing and withdrawing funds in a secure and efficient manner.

Through strategic alliances with key financial entities like Al Ansari Exchange, MultiBank Group enhances its operational capabilities, drives strategic growth, and reinforces its commitment to delivering excellence in customer satisfaction.

Where is MultiBank Group seeing the biggest growth in its client base? Are there specific sectors or services you’re focusing on for future expansions?

Since its inception in 2005, MultiBank Group has emerged as the world’s largest financial derivatives institution, with a client base of over 1 million in more than 100 countries. Our expansion continues to be on enhancing our service offerings, adopting latest technologies, and strengthening our global presence.

In the future, we are enhancing social trading with advanced features, influencer partnerships, and the MultiBank Academy. Through the MultiBank Chain, we aim to bridge real-world assets with crypto derivatives while advancing AI-powered trading with smart bots and machine learning. We plan to launch the MBG Token, which will facilitate seamless transactions, staking, and decentralized finance, alongside an NFT marketplace for digital assets. Additionally, our future plans include MultiBank INC, a fully digital bank integrated with our trading platforms, and MEX PAY, an electronic payment gateway for retail and institutional clients. These initiatives reflect our commitment to merging traditional finance with cutting-edge technology to serve evolving client needs.

What is MultiBank Group’s perspective or take on the state of the GCC economies?

Relocating to Dubai has brought us closer to global markets, given us a strong regulatory environment, and placed us within a thriving regional financial ecosystem. According to the World Bank, the GCC countries are making significant strides in diversifying their economies, moving beyond traditional oil dependency.

Economic growth in the region is projected to rebound to an impressive 4.7% by 2025, driven by proactive investments in non-oil sectors and a steady recovery in oil production.

This resilience highlights the GCC’s commitment to fostering a sustainable and robust economic future, underscoring its role as a key player in the global economy. At MultiBank Group, we view this transformation as an opportunity to align with the region’s progressive vision and contribute to its continued success through innovative financial services and solutions.

With a daily trading volume exceeding $25.6 billion, what trends do you see shaping the future of financial derivatives trading, particularly in the UAE and the GCC?

MultiBank Group is creating a comprehensive and secure financial ecosystem, ensuring our clients have access to the most advanced, efficient, and user-friendly trading platforms. This forward-thinking approach positions us as leaders in the financial derivatives market, particularly in the UAE and the broader GCC region.

Blockchain and AI are pivotal in shaping the future of financial derivatives trading and are central to MultiBank Group’s strategy. Our new AI division, MultiBank-AI, focuses on integrating AI into our internal processes and client services to boost efficiency and enhance the customer experience. Blockchain adds security and transparency, and we’re pioneering ways for clients to trade cryptocurrencies versus traditional assets combined with a state-of-the-art social trading platfοrm, creating new opportunities in finance.

We see the industry moving towards more digital integration, especially in fintech, and we’re committed to growing our digital asset offerings, upgrading our tech infrastructure, and maintaining top-tier compliance and customer service to stay competitive.

ABOUT MULTIBANK GROUP

MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives, serving over 2 million clients across 100 countries, and boasts a daily trading volume that exceeds $25.6 billion. Renowned for its innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group offers an array of brokerage services and asset management solutions. It is regulated across five continents by 17+ of the most reputable financial authorities globally. The group’s award-winning trading platforms offer up to 500:1 leverαge on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 70 financial awards recognizing its trading excellence and regulatory compliance. For more information, visit MultiBank Group’s website at multibankfx.com