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MoneyGram signs remittance partnership with Al Rajhi Bank


MoneyGram International has signed a strategic partnership with Al Rajhi Bank and its remittance arm Tahweel Al Rajhi.

Al Rajhi operates more than 600 branches

The agreement calls for MoneyGram to provide remittance services in Saudi Arabia, covering both digital and walk-through channels.

According to the World Bank, Saudi Arabia has over 11 million immigrants who send remittances totaling around $ 33.6 billion. This makes Saudi Arabia the second largest country for outgoing flows.

“These…



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