MoneyGram’s officials stated that this announcement with BEYON Money marks one of the latest partnerships with a fintech seeking to access their global money transfer network. Through strategic partnerships like these, organisations can leverage their core capabilities to quickly add services and scale, while MoneyGram’s able to increase payment volumes to create meaningful processing revenue.
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 largest and fastest-growing outbound remittance regions. According to the World Bank, outbound remittances from Bahrain have been steadily increasing since 2012.
Owned by Batelco (Bahrain Telecommunications Company), BEYON Money is a mobile wallet operating in the Kingdom of Bahrain. With BEYON Money, one can connect his bank accounts, access financial insights to observe transactions and spending habits, pay with his prepaid card all over the world, pay bills, and send funds abroad instantly, all in one place, making BEYON Money the one-stop destination for managing money seamlessly, securely, and transparently.
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