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MoneyGram Announces Agreement to Incorporate Pay + Mobile Wallet to Expand Its Digital Presence in the Middle East

MoneyGram Announces Agreement to Incorporate Pay + Mobile Wallet to Expand Its Digital Presence in the Middle East

Through its alliance with Ooredoo Oman and the National Bank of Oman , Pay + mobile wallet users will be able to send money in near real time via MoneyGram’s global network of more than 200 countries and territories.

Pay + is the first development on the market that will allow customers in Oman to transfer money internationally, in addition to making deposits, withdrawing funds and paying bills.

MoneyGram International, Inc., a global leader in money transfers and cross-border person-to-person payments, announced that it has signed an agreement to introduce its capabilities. leaders in international money transfer to Pay +, a mobile wallet powered by Ooredoo Oman and the National Bank of Oman(NBO). Pay + is one of the first developments to hit the market that will allow consumers in Oman to deposit, withdraw funds, pay bills and transfer money locally and internationally. This alliance will allow customers to use the mobile wallet to transfer money in near real time with access to MoneyGram’s global distribution network that spans more than 200 countries and territories.

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“Customers require real-time payments and mobile wallets continue to grow, so this expansion with one of our largest and fastest growing digital partners is another milestone on our journey to lead the evolution of digital payments from person to person. person, “said Alex Holmes , President and CEO of MoneyGram. “As our digital partners seek to use our modern mobile infrastructure powered by API (Application Programming Interface), this integration through Pay + will provide scale to their existing digital offerings and instant access to our cross-border payment and money transfer services.”

This strategic alliance expansion will build on the strong momentum MoneyGram has already built in the Middle East market and will further accelerate digital growth as the company expands its customer-centric capabilities to Oman, one of the largest markets. of outgoing international remittances.

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“This major market-first development will change the way customers transfer money,” said Ian Dench , CEO of Ooredoo. “Pay + was designed with customer needs in mind. Together with our partners, MoneyGram and NBO, the revolutionary mobile wallet will continue to set standards for the sultanate’s evolving digital payments ecosystem.”

“With the successful execution of our strategy to accelerate digital growth and expanded access to mobile wallet capabilities, customers around the world are seeing the value of our digital transformation,” said Grant Lines , Global Chief Revenue Officer. from MoneyGram. “With this upcoming launch, we are redoubling our efforts in key shipping corridors such as Oman and, in turn, providing new and innovative technologies and more digital payment options to customers around the world.”

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