Mobily Pay (Etihad Fintech Company), a subsidiary of Etihad Etisalat Company (Mobily), has announced a new strategic partnership with MoneyGram International, Inc, a global leader in cross-border P2P payments and money transfers, which opens up new prospects to consumers in the Kingdom to seamlessly leverage international money transfer services.
Under the partnership, Mobily Pay will be linked to MoneyGram's international network, offering all its users the ability to transfer money internationally safely and swiftly in over 380 Thousand locations across more than 200 countries.
Commenting on the agreement, Mr. Ayman Aleissa, CEO of Mobily Pay, said: “MoneyGram is one of the leading and most reliable international money transfer companies. Thanks to this new strategic partnership, Mobily Pay users will be able to transfer money – to a bank account, digital wallet, or cash – through a global network of more than 200 countries.”
Grant Lines, Global Chief Business Officer at MoneyGram, commented, “With the growing importance of digital transformation in the money transfer industry, we are counting on efforts to maximize growth in important markets such as the Saudi” and continued, “Our new partnership with Mobily Pay will support MoneyGram’s efforts to enhance digital transformation and advance our world-leading multi-channel capabilities.”
Ahmed Aly, Regional Head at MoneyGram Middle East says, “We are excited to collaborate with one of the region’s largest digital transformation service providers to enable millions of customers to access our leading platforms in more than 200 countries worldwide. With more than 100 digitally-enabled countries, this collaboration will allow access of the MoneyGram service to new consumers easily and connect them with their loved ones anywhere in the world.
The new partnership reflects Mobily's strategic endeavors to enhance the customer experience and provide a superior user experience that lives up to international standards by providing comprehensive digital services that elevate the lifestyle of individuals and confirms Mobily's keenness to continue supporting the digital transformation process in the Kingdom.
Mobily Pay is a fintech company that allows users to create e-wallets and transfer and receive money instantly and safely.