MoneyGram International has entered into a remittance partnership with Digital Financial Services, a joint venture of Etisalat and Noor Bank.
The partnership will enable eWallet users to make cross-border remittances to more than 200 countries and territories.
Owned by Digital Financial Services, eWallet is a licenced digital payment service in the UAE.
Customers with a valid Emirates ID and a UAE mobile number can open a eWallet account. The service allows users to send and receive money, make purchases, transfer funds to bank accounts and pay bills.
Unlike other apps, people who do not have a bank account can also avail eWallet service.
Digital Financial Services chairman Ahmed Al Awadi said: “eWallet continues to be an innovative solution that enhances the way UAE residents conduct financial transactions today.
“Our partnership with MoneyGram will further enrich our customers’ lives with a state-of-the-art user experience which MoneyGram is renowned for and will boost our future expansion plans.”
MoneyGram chief revenue officer Grant Lines said: “Etisalat, like MoneyGram, has digitised its business to adapt to the increasingly tech-savvy lifestyles of its customers in the UAE.
“We’re excited about how this partnership builds upon our strong momentum in the Middle East market and further accelerates digital growth as we expand our customer-centric capabilities to the third largest outbound remittance country in the world.”
Recently, South Korean fintech Global Money Express (GME) partnered MoneyGram for cross-border money transfers.