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e& and MoneyGram International have extended their partnership to enable e&’s rapidly growing customer base of 160 million to send and receive funds in near real-time via mobile wallets within its footprint.
e& is one of the world’s leading technology and investment groups, and MoneyGram is a global leader in the development of digital peer-to-peer (P2P) payments.
In the UAE, e&money, the fintech arm of e&life, has been partnering with MoneyGram to provide international money transfer services. The agreement solidifies e&’s global aspiration in its other markets to provide customers with the most inclusive financial services driven by a seamless experience.
Wallet to Wallet Proposal
With the efficient transaction process provided by MoneyGram, customers in electronic and international markets can quickly and easily send and receive money globally through the mobile wallet application. The wallet-to-wallet proposal also amplifies a seamless digital financial experience, given rapidly evolving customer payment behavior and accelerated adoption of contactless payment solutions.
Mikhail Gerchuk, CEO of e&international, said: “As more and more people around the world embrace digital financial services, we are constantly looking for new ways to provide the best solutions for our clients and have set out to forge value-added partnerships that help they have access to financial services”
Through MoneyGram’s extensive network of mobile wallet operators, bank account and card deposit services, and retail locations, customers around the world can choose how to send and receive funds based on their unique needs. The service is live across the UAE and Afghanistan, with Egypt, Pakistan, Saudi Arabia and several other electronics and international markets in Africa expected to launch in the coming months.
Innovative Solutions
Khalifa Al Shamsi, CEO of e&life, said: “We have always been committed to revolutionizing the customer experience through innovative solutions that help meet our customers’ financial needs. This strategic partnership with MoneyGram allows us to continue to build on this solid foundation for growth. , we will continue to work with MoneyGram and its vast network to benefit electronic and currency users while meeting the growing demand for the financial super-app market.”
“As our strategic investment in digital networks now extends to over 100 countries, we are seeing increasing demand for access to our global platform. As more digital partners seek to bring our leading fintech capabilities Embedding their service offerings, we see a significant growth opportunity to effectively add transactions to our scalable platform,” said Alex Holmes, Chairman and CEO of MoneyGram.
“Our partnership with e& has grown into one of our strongest and more successful digital partners. We are excited to continue to expand our relationship and become their partner of choice for cross-border payments across all 16 markets. ”
accelerated growth
Etisalat Group has changed its brand identity to e&, effective 23 February 2022. Its strategy aims to accelerate growth by creating a resilient business model that represents the main business pillars of the group. The telecommunications business continues to be led by etisalat by e& in e&’s home market, adhering to the Group’s rich telecommunications heritage, consolidating a strong telecommunications network, and maximizing value for the Group’s various customer bases. The Telecommunications business is led by existing e&international subsidiaries in 16 countries where the Group operates and focuses on developing the international portfolio opportunity of a world-class modern digital telecommunications company by delivering the best customer experience, building world-class digital capabilities and embracing expansion. e&life enhances digital services for individual customers to enhance their digital-first lifestyle, bringing the next generation of technology through smart connected platforms in entertainment, retail and financial technology.
To enable the digital transformation of governments, large corporations and enterprises, e&enterprise focuses on maximizing value through its end-to-end solutions in cybersecurity, cloud, Internet of Things (IoT) and artificial intelligence (AI) and artificial intelligence (AI) Deploy large-scale projects. e&capital enables the group to focus on driving new mergers and acquisitions while maximizing shareholder value and strengthening its global presence. — arab trade news agency
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