Western Union has teamed up with Urpay, introducing international money transfer services within the Urpay wallet.
The initiative supports Saudi Arabia’s goal of building an inclusive digital economy, in line with the objectives of Vision 2030.
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In 2021, Urpay was launched by NeoLeap in Saudi Arabia as a digital wallet, now serving over 6.5 million users.
Urpay offers over 50 services, such as payment solutions, mobile top-ups, exclusive offers, and international money transfers.
Its customers can access international money transfer services, allowing them to send funds to bank accounts, mobile wallets, or for cash pickup at Western Union agent locations in select countries.
Both companies are collaborating to identify opportunities to broaden the remit of Western Union’s global network for Urpay users in the coming weeks.
Western Union services have been accessible to consumers in Saudi Arabia since 2000, through partnerships that offers international money transfer solutions.
Western Union Europe, Middle East, and Africa president Giovanni Angelini stated: “We are excited to collaborate with urpay – bringing access to Western Union’s global money transfer network to urpay wallet customers.
“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.”
NeoLeap CEO Abdullah Al-Ibrahim said: “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.”
Earlier this month, Western Union collaborated with Penny Pinch, the digital wallet provider for the Eastern Caribbean, to help customers in the region send and receive money globally using the Penny Pinch app.
