Dubai, UAE – MoneyGram International, Inc., a leading global financial technology company, has announced a strategic partnership with Comera Pay, the digital payment service suite from Comera Financial Holding Ltd., a subsidiary of the Royal Group in Abu Dhabi. The collaboration aims to provide seamless cross-border remittance services to Comera Pay customers through MoneyGram’s global network, enabling transfers from the UAE to over 200 countries and territories worldwide.
Comera Pay is integrated into the Comera app, a popular voice calling and messaging platform in the region with over eight million active users. This partnership enhances the ability of Comera Pay users to easily send remittances while supporting the UAE’s push toward a cashless society.
Ahmed Aly, Head of Middle East, Asia Pacific, and South Asia at MoneyGram, highlighted that this collaboration strengthens MoneyGram’s position in the UAE’s digital remittance market. “Through this partnership and the integration of our advanced technological infrastructure, we enhance seamless connections across borders, reinforcing our commitment to supporting the UAE’s cashless economy,” he said.
The UAE is one of the world’s largest outbound remittance markets, and this partnership is expected to drive significant transaction volumes, solidifying MoneyGram’s leadership in the UAE’s digital remittance space.
Harish Parameswaran, Vice President of Comera Pay, emphasized that this partnership aligns with the UAE’s ambition to become a fully cashless society. “By leveraging MoneyGram’s trusted global network and Comera’s strong foundation in the UAE and ME region, we aim to provide secure, reliable, and convenient digital payment services,” he said.
This collaboration follows Comera Pay’s recent approval by the UAE Central Bank, which enables the company to offer safe and compliant cross-border money transfer services. This approval marks a significant step forward in expanding the UAE’s digital remittance landscape.
About MoneyGram International, Inc.
MoneyGram International, Inc. is a global financial technology leader that enables consumers and businesses to manage money and make cross-border transactions in nearly every country worldwide. The company provides services including sending money for cash pickup, direct deposits to bank accounts, mobile wallets, and cards. Known for its pioneering use of blockchain technology, MoneyGram is also a leader in digital currencies, offering services for buying, selling, and holding cryptocurrencies through its app. With operations in over 36 countries and a global workforce of over 2,000 employees, MoneyGram processes more than $200 billion USD annually.
About Comera Pay
Comera Pay is the fintech subsidiary of Comera Financial Holding, a part of The Royal Group, Abu Dhabi. Licensed by the UAE Central Bank, Comera Pay offers secure and seamless digital payment services, including wallet-to-wallet transfers, remittances, bill payments, mobile top-ups, and virtual IBANs. Through its integration with the Comera messaging app, Comera Pay is helping drive the UAE’s transition towards a cashless society. Available on both Google Play and the App Store, Comera Pay is designed to provide an all-in-one digital payment solution for consumers and businesses in the UAE.
