MoneyGram International, Inc. and Mobily, announced a partnership to launch MoneyGram’s leading international money transfer capabilities on Mobily Pay. This partnership empowers millions of consumers in Saudi Arabia to use the Mobily Pay mobile wallet to send money in near real-time around the world. This launch marks the latest successful integration of MoneyGram’s growing white label offering that enables financial technology companies to access its leading global money transfer network. Through this partnership, Mobily Pay will boost its existing digital offerings by adding new services and scale, while MoneyGram will efficiently expand the number of payments it processes through its powerful API-driven infrastructure and best-in-class technology.
MoneyGram International, Inc. , a global leader in the evolution of digital P2P payments, delivers innovative financial solutions to connect the world’s communities. With a purpose-driven strategy to mobilize the movement of money, a strong culture of fintech innovation, and leading customer-centric capabilities, MoneyGram has grown to serve over 150 million people in the last five years. The Company leverages its modern, mobile, and API-driven platform and collaborates with the world’s top brands to serve consumers through its direct-to-consumer digital channel, global retail network, and embedded finance business for enterprise customers. MoneyGram is also a leader in pioneering cross-border payment innovation and blockchain-enabled settlement. Mobily Pay is a wholly owned subsidiary of Etihad Etisalat Company (Mobily); established to address customers’ needs by offering comprehensive individual and corporate Fintech solutions.