MoneyGram Inks Deal to Join Pay+ Mobile Wallet for Middle East Expansionby Fintechnews Middle East 25. March 2021
MoneyGram, an American money transfer company, announced that it has signed an agreement to launch its remittance capabilities on Pay+, a mobile wallet powered by Ooredoo Oman and the National Bank of Oman (NBO).
The partnership is expected to be live for consumers in the next month.
Pay+ is said to be a first-to-market development for customers in Oman to make deposits, withdrawals, bill payments and local and international money transfers.
This partnership will give customers the ability to use the mobile wallet to transfer money in near real-time with access to the MoneyGram global distribution network which spans over 200 countries and territories.
MoneyGram also announced plans to expand its capabilities to Oman, which is reportedly one of the largest markets in outbound international remittances.
“Consumer demand for real-time payments and mobile wallets continues to surge, so this expansion with one of our largest and fastest growing digital partners is yet another milestone on our journey to lead the evolution of digital P2P payments.
As our digital partners are increasingly looking to utilise our modern, mobile and API-driven infrastructure, this integration through Pay+ will provide scale to its existing digital offerings and instant access to our cross-border payments and money transfer services.”
said Alex Holmes, MoneyGram Chairman and Chief Executive Officer.
“This major, first-to-market, development will change the way customers transfer money.
Pay+ was designed with customer needs in mind and together with our partners, MoneyGram and NBO, the ground-breaking mobile wallet will continue to set standards in the Sultanate’s evolving digital payments ecosystem.”
said Ian Dench, Chief Executive Officer at Ooredoo.