الرئيس التنفيذي لشركة "أسترا تك" لـ CNBC عربية:  نعمل على مشروع جديد يشمل كل دول الخليج سيتم إطلاقه بالربع الثاني 2024 - video Dailymotion

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Watch الرئيس التنفيذي لشركة "أسترا تك" لـ CNBC عربية:  نعمل على مشروع جديد يشمل كل دول الخليج سيتم إطلاقه بالربع الثاني 2024 - CNBCArabia on Dailymotion

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00:00 "Two weeks ago, we announced that we have become the largest financial technology company

00:07 that exports cards in the region.

00:10 We exported more than 100,000 cards in three months.

00:13 Now we are looking to add new currencies to the cards so that users who use the bottom

00:22 cards and the pay-by cards can deal with more money during the trip without the need to

00:28 spend the money and change the currency in the currency exchange places."

00:33 "Are there any new acquisitions in 2024?

00:37 Especially since last quarter you announced that you acquired a bank in the Philippines.

00:42 What about this year?"

00:44 "This year we are looking at markets in Asia such as India and Pakistan.

00:50 There will be an announcement about certain expansions in these markets during the current

00:56 quarter."

00:58 "What are your latest developments and projects in Saudi Arabia?

01:04 Are you planning to expand to other Gulf countries?"

01:08 "Yes, we have a strong plan for Saudi Arabia and we will soon launch some services in

01:17 partnership with some of our partners in Saudi Arabia and some of our international partners

01:24 such as Mastercard and others.

01:27 We also have plans for a whole Gulf project that includes all Gulf countries in one

01:33 province and it will be launched in the next quarter."

01:37 "Is there a number for this province?"

01:41 "We are looking at the exchange rate between the Gulf countries between individuals

01:47 that exceeds 10 billion dollars annually.

01:50 We are looking at providing technology that can serve our customers in this direction

01:56 and provide a more accessible experience than what we have in our current companies."

02:01 "When will the money transfer from Egypt and Saudi Arabia start?"

02:08 "We have already started.

02:10 The value of money transfers in Egypt is very high and our customers have already started

02:17 using it.

02:20 They face the problem of currency and exchange rates in Egypt and this affects the value

02:26 of money transfers.

02:28 In Saudi Arabia, we are starting soon and we hope that in the next quarter, the first

02:34 services will be launched and the money will be transferred from and to the country."

02:39 "When will you reach the Ultra App that you are using?

02:44 What makes this card different from other cards?"

02:49 "We are currently in the Ultra App.

02:53 We are the largest technology company with over 150 million users in and outside the region.

03:03 We have a financial transfer application that exceeds 4 to 5 billion dollars in a quarter.

03:14 We have reached a large part of the Ultra App's ambition.

03:20 The card makes it easier for people who do not have access to banks or who cannot wait

03:31 for long transactions to be made.

03:34 You can issue a card within minutes without having to visit a bank or a physical location.

03:44 You can also issue cards for children and people with dependents in other places."

03:51 "In 2022, you announced a transfer of 500 million dollars.

03:58 What about last year's transfers?"

04:01 "We are not announcing the values yet because there are some deals that are still under discussion.

04:07 But the most important value is that the transfers will be very useful for users on the platform

04:14 and they will be able to communicate with their relatives in different markets, whether in

04:19 the Arab world or abroad, in a much better way than what is available now."

04:23 "When will the companies that are following you be terminated?"

04:27 "The termination of the structure was last year.

04:31 All companies under Astratech have been included.

04:34 Astratech is the mother company of all these companies."

04:38 "What are the countries that are issuing the Gulf transfers today?"

04:43 "The Gulf is of course the Kingdom of Saudi Arabia, which has a large number of transfers

04:49 followed by the UAE, as usual, and the rest of the Gulf countries are in a split.

04:55 There are also new markets in Africa that surprised us.

05:02 They have very high performance and high number of transfers for users from inside and outside the Gulf."

05:11 "How much did the transfers reach?"

05:13 "I expect that the transfers reached more than a billion dollars in a very short time.

05:21 We expect that this year the number will reach 4 or 5 times."

05:25 "How much did the transfers reach in the Gulf countries last year?"

05:29 "The transfers reached more than 2 billion dollars in a year.

05:36 On the platform, we had about half of this number.

05:41 We see that with the strong movement in Saudi Arabia, Qatar, and all the activities and the increasing number of tourists,

05:51 we see that this is also affecting the platforms in general."

05:56 "Finally, regarding the intention of the transfers in the Abu Dhabi financial market,

06:00 is there any intention for the transfers?"

06:02 "The transfers always have an intention,

06:04 and the companies always make decisions according to the financial situation in this stage.

06:11 Now, the focus is more on growth and on providing new services.

06:16 But the Abu Dhabi financial market provided an excellent opportunity for most companies,

06:20 especially in the field of technology, to make offers in the markets.

06:24 We always have talks about the possibility of making offers,

06:27 but we have not made a decision yet."

الرئيس التنفيذي لشركة "أسترا تك" لـ CNBC عربية: نعمل على مشروع جديد يشمل كل دول الخليج سيتم إطلاقه بالربع الثاني 2024

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