MoneyGram states agreement to join Pay+ mobile wallet to expand digital presence in the Middle East. Through this partnership with Ooredoo Oman and the National Bank of Oman, Pay+ mobile wallet users are assured to be able to send money in near real time across the MoneyGram global network of over 200 countries and territories.
“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,” stated Alex Holmes, MoneyGram Chairman and Chief Executive Officer adding, “As our digital partners are increasingly looking to utilize 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.”
This strategic partnership expansion aims to build the strong momentum, MoneyGram has already developed in the Middle East market and further accelerate digital growth as the Company plans to expand its customer centric capabilities to Oman.
“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,” noted Ian Dench, Chief Executive Officer at Ooredoo.
Grant Lines, MoneyGram Global Chief Revenue Officer commented, “As we successfully execute our strategy to accelerate digital growth and expand access to mobile wallet capabilities, consumers around the world are seeing the value in our digital transformation. Through this upcoming launch, we are doubling down our efforts in key send corridors such as Oman and, in turn, providing new and innovative technologies and more digital payment options to consumers around the globe.”
