DALLAS, Dec. 2, 2021 /PRNewswire/ -- MoneyGram
International, Inc. (NASDAQ: MGI), a global leader in the
evolution of digital P2P payments, today announced its partnership
with urpay to enable cross-border money transfers. urpay is a
digital wallet powered by neoleap, the Saudi-based financial global
digital solutions company with a mission to create the most
powerful yet simple fintech solutions. The partnership enables
urpay to connect to the Company's API-driven infrastructure and
global network to provide its millions of users the ability to send
money around the world.
"As the digitization of payments continues to accelerate around
the world, innovative partnerships with companies like urpay are
instrumental to our growth strategy and enable us to efficiently
scale the number of payments we process through our platform," said
Alex Holmes, MoneyGram Chairman and
CEO. "We are thrilled to be joining forces to offer urpay's
millions of users access to our leading cross-border payment
capabilities. As we continue to expand our digital offerings and
add more digital partners to our global network, MoneyGram's
digital business will continue its incredibly strong growth
trajectory."
"We are keen to innovate in our local and global partnerships
and to be among the first enablers of smart digital banking
solutions in the Kingdom," said Adel Al
Rajhi, neoleap CEO. "We are aware of the market's need for
reliable financial solutions with worldwide standards, and it is
our main motive for forming such strategic partnerships. Under this
cooperation, urpay customers will be able to transfer
money easily and safely across the world, 24/7."
This strategic partnership builds upon the strong momentum
MoneyGram has developed in the Middle
East and further accelerates digital growth in one of the
world's key outbound remittance countries.
"Alongside our strong existing relationships in the Middle East, this latest integration with
urpay advances our leading customer-centric capabilities in the
region," said Grant Lines, MoneyGram
Chief Revenue Officer. "Further, MoneyGram continues to prove to be
the preferred partner for cross-border payments. As companies
around the world increasingly look to utilize our API-driven
infrastructure, this integration through urpay will provide scale
to its existing digital offerings and instant access to our
cross-border payments and money transfer services."
The partnership is expected to be live for consumers in early
2022.
About MoneyGram International, Inc.
MoneyGram is
leading the evolution of digital P2P payments. 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 nearly 150 million
people around the world over the last five years.
The Company leverages its modern, mobile, and API-driven
platform and collaborates with the world's leading brands to serve
consumers through MoneyGram Online (MGO), its direct-to-consumer
digital business, its global retail network and its emerging
embedded finance business for enterprise customers, MoneyGram as a
Service.
For more information, please visit ir.moneygram.com and follow
@MoneyGram.
MoneyGram Media Contact
Stephen Reiff
media@moneygram.com
About neoleap
neoleap is a Global Financial Digital
Solutions Company, licensed by the Saudi Central Bank SAMA on
23 March 2021, specialized in FINTECH
solutions that serve SMEs, large size businesses and individuals.
With a vision to create the most powerful yet simplest fintech
solutions locally and internationally.
neoleap was established with a mission to provide a full suite
of payment solutions and value-added services through technological
leadership and operational excellence as a trusted partner to
financial institutions, merchants, and consumers, driving the
Kingdom's 2030 vision of a cashless
society.
neoleap Media Contact
info@neoleap.com.sa
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SOURCE MoneyGram