MoneyGram, the global payments network, has teamed up with Saudi Arabia-based financial app tiqmo to enable users across the Kingdom to send international money transfers to over 200 countries via MoneyGram’s extensive global network.
Through this partnership, tiqmo customers gain access to more than five billion digital endpoints and over 480,000 MoneyGram locations worldwide, supporting send and receive options in more than 120 currencies. Tiqmo also offers a wide range of financial services including bank transfers, digital wallet transfers, cash pick-up, bill payments, and mobile top-ups.
Licensed by the Saudi Central Bank and launched in 2024, tiqmo has quickly become one of Saudi Arabia’s leading digital wallets and a prominent player in the MENA region. Abdulaziz Al Ajlan, Managing Director at tiqmo, highlighted that partnering with MoneyGram enhances their international financial services portfolio and aligns with Saudi Arabia’s Vision 2030 and digital transformation goals.
Ahmed Aly, Head of Middle East, South Asia & Asia Pacific at MoneyGram, emphasized the collaboration as a step forward in advancing digital cross-border payments and financial inclusion. The partnership reinforces MoneyGram’s role in remittance innovation and supports Saudi Arabia’s goal of building an inclusive and digitally empowered financial ecosystem.
According to the World Bank, Saudi Arabia ranked as the world’s second-largest remittance sender in 2022, with over $39 billion sent abroad. This new integration will facilitate remittances to key recipient countries including India, Pakistan, Bangladesh, the Philippines, Egypt, Indonesia, and Nepal.
