MoneyGram announces strategic partnership with Banque Misr

MoneyGram announces strategic partnership with Banque Misr

MoneyGram, a leader in the evolution of digital P2P payments, announced a strategic partnership with Banque Misr.

“Our partnership with MoneyGram will enhance Banque Misr’s dedication to expanding customer access to banking services, by enabling individuals in Egypt to receive cross-border payments from relatives around the globe utilizing MoneyGram’s distribution network. Furthermore, this partnership will strengthen our financial inclusion efforts in Egypt by providing customers with a safe and affordable method to collect funds through Banque Misr’s numerous branches nationwide,” Mohamed El-Etreby, Chairman of Banque Misr, stated.

The partnership will enable consumers in Egypt to receive money at Banque Misr branches and connect to the global MoneyGram distribution network that spans over 200 countries.

“We’re excited to partner with Banque Misr as we continue to build upon our strong momentum and execute our strategy to invest in key receiving markets around the world. With one of the largest networks in Egypt and leading Omni channel capabilities, we’re excited to collaborate with the largest banks in the country to enable millions of consumers access to our leading customer-centric platform and global distribution network, with over 100 countries now digitally-enabled,” Ahmed Aly, Head of MoneyGram the Middle East, said.

This partnership will build upon MoneyGram’s momentum has developed in the Middle East market and further accelerates digital growth as the company expands its customer-centric capabilities to one of the largest inbound remittance countries in the world.

Also read: Banque Misr partners with Noon to provide electronic payment collection services

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