MoneyGram and e& International Expand Mobile Money Partnership

MoneyGram International, a global leader in the evolution of P2P digital payments, and e& international of e& (formerly known as Etisalat Group), one of the world’s leading technology and investment conglomerates, have announced an expansion of their strategic partnership.

The expansion enables e& international’s large and rapidly growing customer base of nearly 160 million to use the e& money mobile wallet to send money around the world in near real time. Through MoneyGram’s vast network of operators of mobile wallets, bank account and card depository services, and point-of-sale, recipients around the world now have the flexibility to choose how to receive money based on their unique needs.

MoneyGram and e& international expand partnership, enabling 160 million consumers in Asia, Africa and the Middle East to send money worldwide

Established more than four decades ago in the United Arab Emirates (UAE) as the country’s leading telecommunications operator, the Etisalat Group has changed its brand identity to e& and expanded to more than 16 markets in Africa, Asia and the Middle East. The continued success and expansion of the MoneyGram and e& international partnership builds on the company’s strong momentum as it expands its high-growth digital business in the region.

The service is now available across Saudi Arabia, UAE and Afghanistan, Egypt, Pakistan and several other African markets set to launch in the coming months.

Alex Holmes, Chairman and CEO of MoneyGram
Following our strategy of investing in our digital network which now extends to over 100 countries, we are seeing an increase in demand for access to our global platform. As more digital partners seek to integrate our core 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 become one of our strongest and most successful digital partnerships. We are delighted to continue to expand our relationship as their preferred partner for cross-border payments in all 16 markets in which they operate.

Mikhail Gerchuk, CEO, e&international
As more and more people around the world embrace digital financial services, we are constantly looking for new ways to offer our customers the best solutions and engage in value-added partnerships that help them gain rapid access and easily to financial services. International money transfer is a crucial service that enables our customers through our imprint to send and receive money from their families, given the large expatriate population living in the markets where we operate.

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