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MoneyGram and e& international Expand Partnership, Enabling 160M Consumers Across Asia, Africa and the Middle East to Send Money Globally

This expanded partnership has enabled e& International’s large and rapidly growing customer base to send money worldwide in near real time using the e&Money mobile wallet.

The service is currently live across Saudi Arabia, the United Arab Emirates, and Afghanistan, with Egypt, Pakistan, and several other African markets slated to launch in the coming months.

Dallas, September 20, 2022 /PR Newswire/ — MoneyGram International Co., Ltd. (Nasdaq: MGIMore), a global leader in the evolution of digital P2P payments, and e&International e& (formerly known as Etisalat Group), one of the world’s leading technology and investment conglomerates, today announced an expanded strategic partnership. With this expansion, e&International’s large and rapidly growing customer base of nearly 160 million people will be able to use e&Money Mobile his wallet to send money around the world in near real time. Through MoneyGram’s extensive network of mobile wallet operators, bank account and card deposit services, and retail outlets, recipients around the world can now choose how to receive their money based on their unique needs.

“As a result of our strategy to invest in our digital network, which now spans over 100 countries, there is increasing demand for access to our global platform. We want to incorporate it into our service offerings, and we see great growth opportunities to efficiently add transactions to our scalable platform,” said Alex Holmes, Chairman and CEO of MoneyGram. increase. “Our collaboration with e& has grown to be one of our strongest and most successful digital partnerships. We are excited to continue expanding our relationship as a preferred partner for cross-border payments. all of the 16 markets they operate in.”

Founded more than 40 years ago in the United Arab Emirates (UAE) as the country’s first telecom operator, Etisalat Group changes its brand identity to e& and expands to more than 16 markets in Africa, Asia and the Middle East Did. The continued success and expansion of the MoneyGram and e& International partnership builds on the company’s strong momentum in expanding high-growth digital businesses across the region.

“As more people around the world adopt digital financial services, we are embarking on new value-added partnerships that provide our customers with the best possible solutions and enable them to access financial services quickly and easily. CEO of e&International.“International money transfers are a way for customers across our footprint to grow with their families, given the large expat population living in the markets in which we operate. It is an important service that allows us to send and receive money between

e&life CEO Khalifa Al Shamsi said: “Our strategic partnership with MoneyGram has allowed us to continue building a strong foundation for growth and add to our suite of financial products and services that improve and add value to our clients’ lives. We will continue to work with MoneyGram and its vast network for the benefit of e&money subscribers while meeting the growing demand for financial super app marketplaces.”

The service is currently live across Saudi Arabia, the United Arab Emirates, and Afghanistan, with Egypt, Pakistan, and several other African markets slated to launch in the coming months.

About MoneyGram International, Inc.money transfer service International Co., Ltd. (Nasdaq: MGIMore) is a global leader in the evolution of digital P2P payments, providing innovative financial solutions that connect global communities.A strong culture with purpose-driven strategies to mobilize money movements Fintech innovation, and cutting-edge customer-centric capabilities, money transfer service has grown to serve over 150 million people in the last five years.The company offers the latest mobile, and API driven We build platforms and work with the world’s top brands to serve consumers through direct-to-consumer digital channels, a global retail network and embedded financial operations for enterprise customers. money transfer service It is also a pioneer in cross-border payments innovation and blockchain-enabled payments. For more information, see: ir.money transfer service.Comfollow @money transfer service Explore our website and mobile apps on social media money transfer service.Com.

About E& InternationalEtisalat The group has a brand identity e&, effective 02/23/2022. Its strategy aims to accelerate growth through the creation of resilient business models that represent the Group’s key business pillars.of Telecom business is still Etisalat To e& of e&’s by domestic market and existing subsidiaries e& International, supporting the prosperity of the group Telecom Heritage, strengthening the strong Telecom Maximize the value of the Group’s various customer segments. Enhance digital services for individual customers and improve digital-first lifestyles. e&life brings next-generation technology through a smart connected platform for entertainment, retail and financial technology.governments, large corporations, and enterprise, e& Enterprises focus on cybersecurity, the cloud, the Internet of Things (IoT) and artificial intelligence (AI), and deployment mega project. e& Capital will enable the Group to focus on driving new mergers and acquisitions while maximizing shareholder value and strengthening its global presence.

MoneyGram Media Contactssydney school field[email protected]

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source moneygram

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