UAE-based biggest multinational telecommunications services provider, e& and American cross-border peer-to-peer (P2P) payments and money transfer company MoneyGram International have expanded their strategic partnership to more countries in order to enable about 160 million customers to use their services.
The company said in a statement that the service is now live throughout Saudi Arabia, the UAE, and Afghanistan with Egypt, Pakistan, and several other markets in Africa expected to launch in the next few months.
The expansion enables e& international’s large and fast-growing customer base to use the e& money mobile wallet to send money around the world in near real-time.
Mr. Mikhail Gerchuk, CEO of e& International said that, “International money transfer is a crucial service that enables our customers across our footprint to send and receive money from their families, given the large expat population living in the markets where we operate.”
Khalifa Al Shamsi CEO – e& life
“We have always aimed to revolutionize customer experience through innovative solutions that help meet the financial needs of our customers. The strategic partnership with MoneyGram has been enabling us to continue building this solid foundation of growth, adding to the array of financial products and services that enhance and add value to our customers’ lives. We will continue to work with MoneyGram and its vast network for the benefit of e& money subscribers while addressing the growing demand for a financial super app marketplace.”
According to the statement, through MoneyGram’s expansive network of mobile wallet operators, bank account and card deposit services, as well as retail locations, recipients around the world now have the ability to choose how to receive money based on their unique needs.
Mr. Alex Holmes, MoneyGram Chairman, and CEO commented that, “As a result of our strategy to invest in our digital network that now extends to over 100 countries, we’re seeing increased demand to access our global platform. As more digital partners seek to embed our leading fintech capabilities into their service offerings, we see a significant growth opportunity to efficiently add transactions to our scalable platform.”
“Our collaborative relationship with e& has grown to become one of our strongest and most successful digital partnerships. We’re thrilled to continue to expand our relationship as their preferred partner for cross-border payments across all of the 16 markets in which they operate,” Mr. Holmes added.
