MoneyGram International, a global leader in cross-border P2P payments and money transfers, announced, on Tuesday, that it has entered into a strategic partnership with Attijariwafa Bank Egypt (Attijariwafa).
The partnership will enable MoneyGram customers from around the world to send money to family and friends to pick up from any of Attijariwafa’s locations in Egypt.
Ahmed Aly, Head of Middle East at MoneyGram said, “As part of our strategy to invest in major receive markets, we’re excited to partner with Attijariwafa Bank Egypt to further expand our presence in the country, which now ranks fifth in global remittances, with extremely strong growth rates.”
He added, “This new partnership will help provide even greater financial inclusion and give millions of MoneyGram consumers across Egypt additional convenience to quickly gain access to funds.”
Attijariwafa Bank Egypt operates through a country-wide network of branches. This diverse network gives consumers a wide choice of easily accessible networks, according to Hicham Seffa, Managing Director at Attijariwafa.
Seffa said, “Our new relationship with MoneyGram comes as part of Attijariwafa Bank Egypt’s keen efforts to support financial inclusion. This service will facilitate day-to-day needs for people living abroad to send money to friends and families in a safe and reliable way, and we’re extremely delighted to leverage MoneyGram’s network to reach its customers around the word.”
MoneyGram is a market leader in remittance innovation, offering money transfer services through a wide range of omnichannel solutions, including a leading mobile app, debit card deposit and digital wallet capabilities.
With a physical and digital distribution network in over 390,000 locations across 200 countries and territories, MoneyGram will utilise this partnership with Attijariwafa to further provide Egyptians living abroad with a fast and convenient way to send money back home to family and friends.