Riyadh - Sharikat Mubasher: Bank AlJazira, a leading bank in Saudi Arabia, announced its partnership with MoneyGram, a leading global payments network for consumers, businesses, and communities, to expand money transfer services across Saudi Arabia.

This partnership aims to expand access to physical and digital cross-border money movement solutions, supporting Vision 2030 and its goal of building an inclusive, digitally empowered economy, a recent statement revealed.

Bank AlJazira’s customers can now send money to over 200 countries and territories via the bank’s digital channels or at FAWRI Retail locations. They can also benefit from a full spectrum of transfer methods, including bank accounts, mobile wallet, and cash pick up, leveraging MoneyGram’s global payments network and world-class APIs.

Fahad AlMuteri, Head of Digital Banking at Bank AlJazira, commented: “This collaboration delivers greater value to our customers by offering faster and more reliable international money transfer services. It strengthens our commitment to providing seamless and reliable financial solutions, ensuring we meet the evolving needs of our customers, both locally and globally.”

Meanwhile, Ahmed Aly, Head of Middle East, South Asia & Asia Pacific at MoneyGram, stated that the collaboration with Bank AlJazira will advance the company’s mission to connect the world by offering a seamless, affordable, and reliable money transfer experience for everyone.

Recipients of funds sent from Saudi Arabia will benefit from flexible payout options, whether picking up cash at one of MoneyGram’s 480,000 global retail locations or receiving funds across five billion digital endpoints.