Beyon Money announces partnership with MoneyGram

By Leandra Monteiro

Beyon Money has announced a partnership with MoneyGram International Inc., P2P payments company. Through this partnership, Beyon Money’s users will be able to send money through the App in near real-time to over 200 countries and territories around the world.

The app currently enables consumers to connect to local bank accounts to review all transactions in one place, access financial insights to observe transactions and spending habits, spend with their Classic or Platinum Prepaid Card and send money abroad to many countries around the world. This partnership with MoneyGram will complement the app’s existing services by enhancing its remittance capabilities.

“Today’s announcement with Beyon Money marks the latest partnership with a leading fintech seeking to access our global money transfer network,” said Alex Holmes, MoneyGram Chairman and CEO. “Through strategic partnerships like these, organizations can leverage our core capabilities to quickly add services and scale, while we’re able to increase payment volumes and set ourselves up to create meaningful processing revenue in the years ahead.”

MoneyGram’s partnership with Beyon Money also builds upon the Company’s several recent successes with digital partners across the Middle East, one of the world’s largest and fastest-growing outbound remittance regions.

“At Beyon Money, we foster speed of execution, ease of access and low costs for our clients. Our digital remittance service offered in our super app is highly innovative and allows clients to send money abroad from their Beyon Money wallet or directly from their bank account,” said Roberto Mancone, Beyon Money, CEO.

“This partnership with MoneyGram advances the development of state-of-the-art digital services already offered to our Bahrain clients and creates a powerful framework for the expansion of our offer in the GCC (Gulf Cooperation Council), Middle East and North Africa.” The service is expected to be live for consumers later this year.