MoneyGram International has partnered with Suez Canal Bank, to enable MoneyGram customers to send money directly to the bank accounts of friends and family members in Egypt.
Via this agreement, MoneyGram strengthens its presence in Egypt, as the company now has access to the bank's network of correspondent banks throughout the world. Suez Canal Bank will be able to connect to MoneyGram platform to offer the new account deposit services to all of its customers. The aim is to provide them with digitally-enabled convenience and a facilitated experience.
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