MoneyGram International, Inc., a leading global financial technology company that connects the world’s communities, today announced a strategic partnership with the innovative financial technology app barraq. Through this partnership, consumers in Saudi Arabia will be able to use the barraq mobile app to send funds to family and friends globally. This is made possible through MoneyGram’s advanced cross-border technology platform, which enables recipients to access their funds through a suite of digital methods and retail locations around the world. MoneyGram Saudi Arabia Barraq App

“We’re thrilled to partner with the barraq team as they join a growing list of global fintech partners choosing MoneyGram for our vast network, leading technology and mobile APIs,” said Alex Holmes, MoneyGram Chief Executive Officer. “barraq is anticipated to be the Middle East’s fastest-growing financial app, so we’re excited to reach new customers and expand our leadership position in one of the world’s largest outbound remittance regions.”

MoneyGram has established itself as the preferred remittance partner in the Middle East digital ecosystem, as evidenced by the Company’s recent successes with digital partners and significant growth in the region. As MoneyGram continues to deepen relationships with existing partners in the Middle East, today’s announcement highlights opportunities for even further expansion.

“We are pleased to launch this strategic partnership with MoneyGram, a trusted money transfer provider with an expansive global network,” shared Ahmed Alenazi, barraq Chief Executive Officer. “It’s been exciting to see demand build for barraq, and we look forward to our app ranking very highly among digital wallet options for its features, secure payment methods, and device compatibility. We look forward to partnering with MoneyGram on our journey.”

About MoneyGram International, Inc. MoneyGram Saudi Arabia Barraq App

MoneyGram International, Inc. is a global financial technology company enabling consumers and businesses to move and manage money in nearly every country around the world. Through its innovative cross-border platform, MoneyGram provides millions of consumers globally the ability to send money home for family and friends to pick up in cash or receive directly to a bank account, mobile wallet, or card. The company is a pioneer in the use of blockchain technology at scale and also enables consumers to buy, sell, and hold digital currencies on its industry-leading app. With one of the world’s most extensive and dynamic cash distribution networks, MoneyGram has become the single largest on and off-ramp provider for digital currencies in the world. The MoneyGram team spans the globe with over 2,000 employees across 36 countries, representing more than 75 nationalities.

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