Image: Left to right: Omar Onsi, CEO, NymCard and Hatem Sleiman, head of Middle East, Pakistan and Afghanistan, Western Union. Credit: NymCard/Western Union/ BusinessWire.

Cross-border money transfer firm Western Union has entered a partnership with payment platform NymCard.

This new partnership will help international money transfer services being available to areas of the United Arab Emirates (UAE) that were earlier limited.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The announcement implies that financial institutions plugged into NymCard can provide their customers access to the Western Union money transfer platform to send money.

Following the integration, customers of NymCard will be able to send money transfers into bank accounts in over 130 countries and territories, or to agent locations for payout in cash in more than 200 countries and territories.

NymCard CEO Omar Onsi said: “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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Western Union head of Middle East, Pakistan and Afghanistan Hatem Sleiman said: “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.”

NymCard’s partnership with Western Union will help it to expand its user base in the UAE, besides bolstering its digital payments platform into more financial institutions.