Beyon Money partners with MoneyGram to enhance its remittance capabilities

By Arya M Nair, Intern Reporter
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Beyon Money_MoneyGram Partnership
Mr. Roberto Mancone & Mr. Grant Lines at agreement signing ceremony

Beyon Money, the first financial super app in Bahrain, has partnered with MoneyGram International, a global leader in the evolution of digital P2P payments.

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 Beyon Money 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.

Roberto Mancone_Beyon Money_MoneyGram partnership
Roberto Mancone
CEO – Beyon Money

“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. 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, Middle East and North Africa.”

“Today’s announcement with Beyon Money marks the latest partnership with a leading fintech seeking to access our global money transfer network. 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,” Mr. Alex Holmes, MoneyGram Chairman and CEO.

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.

Related: Ooredoo Money strikes MoU with Qatari fintech SkipCash


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