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


With this partnership expansion, e& international’s large and rapidly growing customer base can now use e& money’s mobile wallet to send money around the world in near real-time

The service is now continuously live Saudi Arabiathe United Arab Emirates and Afghanistan With Egypt, Pakistan and several other markets in Africa expected to start in the next few months

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Dallas, September 20, 2022 /PRNewswire/ — MoneyGram International, Inc. (NASDAQ: MGI), a global leader in developing P2P digital payments, and e& international of e& (formerly known as Etisalat Group), one of the world’s leading technology and investment conglomerates, today announced an expansion of their strategic partnership. The expansion enables e& international’s large and rapidly growing customer base of nearly 160 million to use the e& money mobile 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 service providers, and retail outlets, recipients around the world now have the ability to choose how they receive money based on their individual needs.

“As a result of our strategy to invest in our digital network, which now spans over 100 countries, we are seeing increasing demand for access to our global platform and see a significant growth opportunity in efficiently adding transactions to our scalable platform,” said Alexander Holmes, Chairman and CEO of MoneyGram. “Our collaboration with e& has evolved into one of our strongest and most successful digital partnerships. We look forward to further expanding our relationship as a preferred partner for cross-border payments Everyone of the 16 markets in which they operate.”

Founded over four decades ago in the United Arab Emirates (UAE) as the country’s first telecom operator, Etisalat Group has changed its brand identity to e& and expanded to over 16 markets Africa, Asia and the middle East. The continued success and expansion of the international partnership between MoneyGram and e& builds on the company’s strong momentum in scaling its high-growth digital business across the region.

“As more people around the world embrace digital financial services, we’re constantly looking for new ways to provide our customers with the best solutions and forge value-added partnerships that help them access financial services quickly and easily,” said Mikhail Gerchuk, CEO , e& international. “International money transfer is a crucial service that enables our customers across our footprint to send and receive money from their families given the large expat population residing in the markets in which we operate. “

“We have always aimed to revolutionize the customer experience through innovative solutions that help meet our customers’ financial needs,” he said Khalifa Al-Shamsi, Managing Director, e&life. “The strategic partnership with MoneyGram has enabled us to continue to build on this solid foundation for growth and expand the range of financial products and services that improve the lives of our customers and add value. We will continue to work with MoneyGram and its vast network to benefit e-money subscribers while meeting the growing demand for a financial super app marketplace.”

The service is now continuously live Saudi Arabiathe United Arab Emirates and Afghanistan With Egypt, Pakistan and several other markets in Africa expected to start in the next few months.

About MoneyGram International, Inc.
MoneyGram International, Inc. (NASDAQ: MGI), a global leader in developing P2P digital payments, delivers innovative financial solutions to connect the world’s communities. With a focused money movement mobilization strategy, a strong culture of fintech innovation and leading customer-centric capabilities, MoneyGram has grown to over 150 million people in the last five years. The company uses its modern, mobile and API driven platform and partners with the world’s leading brands to serve consumers through its digital direct sales channel, global retail network and embedded finance business for enterprise customers. MoneyGram is also a leader in pioneering cross-border payment innovations and blockchain-powered settlements. For more information, please visit ir.money gram.comConsequences @MoneyGram on social media and explore the website and mobile app money gram.com.

About e& international
Etisalat Group has changed its brand identity to e&, valid from February 23, 2022. Its strategy aims to accelerate growth by creating a resilient business model, which is the group’s main business pillars. That telecommunications The business is currently continued by Etisalat through e& in e&’s home market and through existing subsidiaries for e& international to get the rich of the group telecommunications Heritage that strengthens the strong telecommunications Network and value maximization for the different customer segments of the group. Expansion of digital services for individual customers to enhance their digital-first lifestyle, e& life brings next-generation technologies through intelligent connectivity platforms in entertainment, retail and financial technology. To enable the digital transformation of governments, large corporations and company, e& Enterprise is focused on maximizing value through its end-to-end cybersecurity, cloud and IoT solutions (internet of things) and artificial intelligence (AI) as well as the use awesome projects. e& Capital enables the group to focus its efforts on driving new mergers and acquisitions while maximizing shareholder value and strengthening its global footprint.

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