back Back

Western Union partners with NymCard in the UAE

By Leandra Monteiro

October 31, 2022

  • Banking-as-a-Service
  • Cross Border Payments
  • FinTechs
Share

Western Union, NymCard, UAEWestern Union and NymCard announced that they have signed a partnership that will enable FinTechs and financial institutions in the United Arab Emirates to offer international money transfer services through the Western Union global money transfer platform.

The announcement underpins Western Union’s recently announced strategy to serve its customers with an expanded value proposition by driving the end-to-end experience in moving money.

In addition, by adding remittance services to their Banking as a Service (BaaS) proposition, NymCard can now offer a wide range of services to FinTechs looking to create seamless experiences for their end consumers in a fast and digital manner.

The partnership announcement means that financial institutions plugged into NymCard can offer their customers access to the Western Union money transfer platform to send money to their loved ones internationally. Once the integration is complete, customers will be able to send money transfers into billions of bank accounts in over 130 countries and territories, or to Agent locations for payout in cash in over 200 countries and territories.

“Sector-wide interoperability through plug-and-play models are increasingly gaining traction,” said Hatem Sleiman, Head of Middle East, Pakistan and Afghanistan, Western Union. “We have been investing in our platform and capabilities to seamlessly integrate third parties, enabling us to become a unique partner for money movement, scaling global connectivity across organizations in telecom, tech and financial services.”

“Remittances are one of the main global connectors that bind people, places, economies and societies together. Through our collaboration with NymCard, we are excited to enable more financial institutions in the UAE to conveniently move money to more than 200 countries and territories through a single integration point,” Sleiman said.

“At NymCard we believe inclusive economies can be built through innovation and collaboration,” said Omar Onsi, CEO, NymCard. “We have always invested in financial partnerships that spur growth, enhance our technology offering and form meaningful relationships. We are thrilled to come together with Western Union, enabling connections to more than 200 countries and territories. This collaboration will provide a truly inclusive offering that leaves no one behind.”

Previous Article

October 31, 2022

Barclays extends FinTech-backing partnership with Illuminate

Read More
Next Article

October 31, 2022

Synapse and Utoppia partner to offer cross border financial services in LatAm

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Banking-as-a-Service

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

April 19, 2024

Cashflows partners with National Association of Funeral Directors

Read More

April 19, 2024

Ant International set to create digital business centre in Malaysia

Read More

April 19, 2024

Opn appoints Vaden Landers as President and CEO of MerchantE

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023