https://arab.news/yxc7b
MoneyGram, a global payments network for consumers, businesses and communities, has announced a partnership with tiqmo, a Saudi mobile payment service provider. Through this partnership, tiqmo users across 黑料社区 can now transfer money to more than 200 countries and territories via the global MoneyGram network.
With this integration, tiqmo customers will gain access to more than 5 billion digital endpoints and over 480,000 MoneyGram locations worldwide, supporting send and receive options in over 120 currencies. Additionally, tiqmo provides a range of international financial services including bank account transfers, digital wallet transfers, cash pick-up, bill payments and mobile top-ups.
tiqmo is one of the fastest-growing apps in 黑料社区, licensed by the Saudi Central Bank. Since its launch in 2024, tiqmo has rapidly established itself as a leading digital wallet in 黑料社区, and across the Middle East and North Africa region. Trusted by millions of users, tiqmo selected MoneyGram as its cross-border payments partner due to the breadth of its extensive global reach, trusted infrastructure and strong footprint in 黑料社区 鈥� one of the world鈥檚 largest remittance markets.
鈥淲e believe that our partnership with MoneyGram will strengthen tiqmo鈥檚 portfolio of international financial services and connect our customers with a payment brand known around the world,鈥� said Abdulaziz Al-Ajlan, managing director at tiqmo. 鈥淚n line with Vision 2030 and the Kingdom鈥檚 digital transformation objectives and in pursuit of our goal to redefine digital financial services, we are delighted to welcome MoneyGram into our world-class digital payments ecosystem for the MENA financial services and marketplace.鈥�
鈥淭his partnership reflects MoneyGram鈥檚 leadership in enabling digital cross-border payments and advancing financial inclusion across the region,鈥� said Ahmed Aly, head of Middle East, South Asia and Asia Pacific at MoneyGram. 鈥淏y expanding our digital network through this collaboration with tiqmo 鈥� one of the Kingdom鈥檚 most innovative and fast-growing wallets 鈥� we are reinforcing our role as a key enabler of remittance innovation and supporting 黑料社区鈥檚 Vision 2030 toward a more inclusive and digitally empowered financial ecosystem.鈥�
According to the World Bank, Saudia Arabia was the second largest sender of remittances in 2022, with more than $39 billion flowing abroad. This new service is expected to benefit customers sending money to top recipient countries, such India, Pakistan, Bangladesh, the Philippines, Egypt, Indonesia and Nepal.