MoneyGram Partners with Attijariwafa Bank Egypt to Expand Access to its Global Platform to Millions of Consumers Across Egypt

CAIRO, Date /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, announced today that it has entered into a strategic partnership with Attijariwafa Bank Egypt (“Attijariwafa”), a leading financial institution, that will enable MoneyGram customers from around the world to send money to family and friends to pick up from any of Attijariwafa’s locations in Egypt.

“As part of our strategy to invest in major receive markets, we’re excited to partner with Attijariwafa Bank Egypt to further expand our presence in the country, which now ranks fifth in global remittances, with extremely strong growth rates,” said Ahmed Aly, Head of Middle East at MoneyGram. “This new partnership will help provide even greater financial inclusion and give millions of MoneyGram consumers across Egypt additional convenience to quickly gain access to funds.”

As a leading financial institution and a key player in the Egyptian banking market, Attijariwafa Bank Egypt operates through a country-wide network of branches. This vast and diverse network gives consumers a wide choice of easily accessible networks.

“Our new relationship with MoneyGram comes as part of Attijariwafa Bank Egypt’s keen efforts to support financial inclusion,” added Hicham Seffa, Managing Director at Attijariwafa. “This service will facilitate day-to-day needs for people living abroad to send money to friends and families in a safe and reliable way, and we’re extremely delighted to leverage MoneyGram’s network to reach its customers around the word.”

MoneyGram is a market leader in remittance innovation, offering money transfer services through a wide range of omnichannel solutions, including a leading mobile app, debit card deposit and digital wallet capabilities. With a physical and digital distribution network in over 390,000 locations across 200 countries and territories, MoneyGram will utilize this partnership with Attijariwafa to further provide Egyptians living abroad with a fast and convenient way to send money back home to family and friends.