Western Union and urpay, Saudi Arabia’s leading digital wallet powered by neoleap, have launched international money transfer services in the urpay wallet, enabling customers to effortlessly transfer money to friends and family globally.
With this launch, they support the Kingdom’s commitment to cultivating an inclusive digital economy, aligning with Saudi Vision 2030. It also highlights both companies’ dedication to delivering world-class financial services by expanding their offerings to cater to the customers’ evolving needs.
As a premier digital wallet with over 6.5 million users, urpay provides an integrated experience through its comprehensive suite of over 50 services including payments, mobile top-ups, exclusive deals and money transfers.
urpay customers will now be able to seamlessly transfer money internationally to bank accounts, mobile wallets, or for cash collection at Western Union Agent locations across select countries. Both companies are also exploring opportunities to expand the breadth of Western Union’s global network for urpay customers over the coming weeks.
Giovanni Angelini President, Europe, Middle East, and Africa – Western Union
“We are excited to collaborate with urpay – bringing access to Western Union’s global money transfer network to urpay wallet customers. Saudi Arabia is a global leader in economic diversification, digital adoption and financial innovation, and we remain committed to supporting the country’s consumers and communities. Collaborating with urpay means we can further address their growing demand for digital money transfers, so that consumers can send money abroad with convenience and ease.”
Enhancing cross-border money transfer services
The launch falls in line with Western Union’s and urpay’s shared mission to make financial services accessible for everyone through cutting-edge solutions. It streamlines cross-border transactions, empowering customers with reliable and efficient money transfer options.
“We are pleased to collaborate with Western Union to enhance financial inclusion by offering multiple options for financial services. Our goal is to ensure a secure and reliable international money transfer experience through the urpay digital wallet,” added Abdullah Al-Ibrahim, CEO of neoleap.
Driving financial inclusion in Saudi Arabia
Saudi Arabia is one of the world’s largest outbound remittance markets. According to the World Bank, the country’s consumers sent over $38 billion in 2023. This highlights the importance of reliable and accessible international money transfer services.
The collaboration between Western Union and urpay supports this need by providing a reliable and efficient digital solution to seamlessly transfer money.
Western Union branded services have been available to consumers in Saudi Arabia since 2000, through collaborations that offer a broad range of international money transfer services. This move further strengthens Western Union’s presence in the region, elevating customer experience by providing more digital-first solutions tailored to their financial needs.
