logo

Jingle Pay collaborates with Western Union on cross-border remittances

Finextra8 hours ago

Jingle Pay, a leading digital financial services platform in the Middle East & South Asia, today announced a significant collaboration partnership with Western Union, to enable delivery of international money transfers (remittances) from select markets.
1
Under this agreement, Jingle Pay will serve as a key partner for Western Union, providing support to the flow of cross-border money transfers currently to bank accounts & mobile wallets.
Amir Fardghassemi, Chief Executive Officer of Jingle Pay, emphasized the significance of the alliance: 'This partnership is a defining milestone in Jingle Pay's journey. Being selected by Western Union to deliver their transactions from multiple send markets is a testament to our platform's reliability and scale. We're proud to enable faster and more accessible remittance experiences for communities that depend on cross-border support.'
Riz Sohail, Chief Business Officer at Jingle Pay, noted:'With Western Union's extensive global network and Jingle Pay's cutting-edge technology, we are well-positioned to transform the remittance experience for millions of consumers. This collaboration not only supports financial inclusion, but also opens up scalable opportunities for innovation in international payments.'
Giovanni Angelini, President of Europe, Middle East and Africa at Western Union, commented:'At Western Union, we are committed to connecting customers with their loved ones around the world through fast, convenient and trusted global money transfer services. Collaborating with Jingle Pay is an important step in furthering this commitment, expanding access to financial services and driving greater financial inclusion where it matters most.'
Hatem Sleiman, Regional Vice President of Middle East, Pakistan and Afghanistan at Western Union added:'Our collaboration with Jingle Pay reflects our focus on meeting the evolving needs of digitally savvy customers. By combining our strengths, we're making international money transfers more accessible and relevant. Together, we are driving innovation that empowers customers with seamless and reliable money transfers, supporting their growth.'
Both companies are also exploring expansion to additional high-demand corridors in the near future, aiming to further enhance access to seamless and secure cross-border money transfer

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil prices rise as Iran-Israel conflict fans supply worries
Oil prices rise as Iran-Israel conflict fans supply worries

Reuters

time10 minutes ago

  • Reuters

Oil prices rise as Iran-Israel conflict fans supply worries

June 17 (Reuters) - Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply. The Brent crude futures contract was up $1.17, or 1.6%, at $74.4 a barrel as at 0005 GMT and U.S. West Texas Intermediate crude was up $1.34, or 1.87%, at $73.11 - both having risen more than 2% earlier in the trading session. Both contracts settled more than 1% lower on Monday on hope of easing geopolitical tension after media reports of Iran seeking an end to hostilities. However, the conflict took a turn for the worse on its fifth day on Tuesday as Iranian media reported explosions and heavy air defence fire in the capital Tehran. Over in Israel, air raid sirens sounded in Tel Aviv in response to Iranian missiles. Iran is the third-largest producer among members of the Organization of the Petroleum Exporting Countries. Hostilities could disrupt its supply of oil and thereby increase prices. On Monday, an Israeli strike hit Iran's state broadcaster and the head of the U.N. nuclear watchdog also indicated extensive damage to Iran's biggest uranium enrichment plant. Trump said Iran should have signed a nuclear deal with the U.S. before Israeli strikes began and that he believes Iran now wants to reach an agreement. Easing of U.S. sanctions as part of any deal would allow Iran to export more oil, weighing on global crude prices. Elsewhere, OPEC and allies including Russia - or OPEC+, which pumps about half of the world's oil - said on Monday it expected the global economy to remain resilient in the second half of the year. It also trimmed its forecast for growth in oil supply from the U.S. and other non-OPEC+ countries in 2026.

Hard-pressed drivers ‘MUST be spared fuel duty hike as tensions in Middle East push up global oil prices'
Hard-pressed drivers ‘MUST be spared fuel duty hike as tensions in Middle East push up global oil prices'

The Sun

time3 hours ago

  • The Sun

Hard-pressed drivers ‘MUST be spared fuel duty hike as tensions in Middle East push up global oil prices'

DRIVERS must be spared a fuel duty hike as tensions in the Middle East push up global oil prices, MPs have warned. New figures show petrol prices rose to 132.1p a litre yesterday, threatening to end a three-and-a-half month run of falls. 3 3 Wholesale costs have already surged 3p a litre in a week and are still rising. The AA says the spike is being fuelled by conflict between Israel and Iran plus surging demand from the US summer motoring season. Now fears are growing Chancellor Rachel Reeves could look to scrap the 5p duty cut to shore up the public finances. Tory MP Saqib Bhatti said: 'As she struggles to make her accounts balance, Rachel Reeves needs to be clear she won't be hammering motorists to fill the black hole that she has created.' Labour MP Graeme Downie added: 'The Chancellor said in the spending review she wanted to do everything she can to keep money in people's pockets. 'At a time of volatility, that means keeping fuel duty as low as possible.' The Sun's Keep It Down campaign has helped freeze fuel duty since 2011. A Treasury spokesman said: 'Our Plan for Change is putting more money in the pockets of working people. 'We extended the fuel duty cut this year, saving drivers £3billion.'

Fears Trump will veto G7 joint statement on Russia sanctions and Israel
Fears Trump will veto G7 joint statement on Russia sanctions and Israel

The Independent

time3 hours ago

  • The Independent

Fears Trump will veto G7 joint statement on Russia sanctions and Israel

Efforts by the world's biggest democracies to toughen sanctions against Russia and hold a joint position on the Middle East crisis look set to be thrown into chaos by Donald Trump. The US President, who landed in Alberta, Canada late on Sunday night, opened off his remarks at the G7 summit by suggesting it had been a 'mistake' to boot Russia out of the former G8. It had already been reported by CBS News that Trump does not intend to sign a G7 statement related to Israel and Iran, citing unnamed U.S. officials. A draft document discusses monitoring Iran, calls for both sides to protect civilians and reups commitments to peace, according to CBS News. With the crisis escalating between Iran and Israel, the Middle East has become the top priority of the summit with Sir Keir joining others in urging for a 'de-escalation'. But the situation with the Ukraine war is an added complication for those present. In a briefing with journalists ahead of a session discussing sanctions on Russia, the UK prime minister's spokesman was unable to confirm if there would be a joint position on sanctions. While details of a new sanctions regime are set to be revealed on Tuesday, the second and final day of the summit, it is widely believed that President Trump will not support the other members of the G7. The Downing Street spokesman said he 'did not want to get ahead of the meetings' and would not comment specifically on the UK's understanding of the US position while underlining Sir Keir's 'warm relationship' with the president. Trump has been seeking to end the war in Ukraine by attempting to force a ceasefire which has been resisted by Moscow. However, with Ukraine president Volodymyr Zelensky also joining leaders at the G7 memories of President Trump's furious attack on him in the Oval Office in March still hang over proceedings. The sanctions would be aimed at choking off Russia's military industrial complex with Sir Keir saying it is important that 'Russia does not hold all the cards' in the conflict. The remark appeared to mirror the claim made by Trump to Zelensky in the Oval Office that 'Ukraine does not hold any cards'. However, the divisions were evident at a photocall at the top of President Trump's meeting with Canadian P Mark Carney at the start of the summit. In it the US president suggested China should be allowed into the top club of the G7 and claimed it was a mistake Russia had been thrown out. Downing Street said is "happy with the make-up" of the G7, Downing Street said after Donald Trump's suggested that kicking Russia out of the group was a mistake. Asked if the Prime Minister agreed with the US president's remarks, a Number 10 spokesman said: "I think obviously those comments are a matter for the US." He added: "The Prime Minister goes ahead with the G7 and is happy with the make-up of it." A former British diplomat has said European nations might try to send "co-ordinated messages" to Donald Trump at the G7 summit. Earlier, Sir Mark Lyall Grant, a former UK ambassador to the United Nations, told the Today Programme on BBC Radio 4 that all the members of G7 had a "negative consensus". He said: "No-one participating wants Iran to have a nuclear weapon. They are all concerned about escalation and particularly spillover - attacks on their own nationals or interests in the region, or indeed their own countries. None of them wants to get directly involved. "Japan and Canada have been the most critical of Israel, the USA and Germany are more standardly pro-Israel and other Europeans are somewhere in the middle. "Much depends on President Trump. He clearly doesn't want to get involved but is talking about the countries doing a deal, which is unrealistic. "Europeans ganging up on President Trump doesn't work very well. He is so unpredictable, it is difficult to see where he will come out.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store