urpay Signs Strategic Agreement with Western Union
As part of its ongoing efforts to build an inclusive digital economy, urpay, the digital wallet, has announced a strategic collaboration with Western Union to provide customers in Saudi Arabia with a suite of money transfer solutions. This collaboration aims to accelerate digital transformation in the Kingdom's banking sector, aligning with the goals of Saudi Vision 2030.
The agreement brings together Western Union, one of the world's largest international money transfer companies, and urpay, the leading digital wallet in Saudi Arabia, to enhance service offerings for urpay users and integrate with a wide range of financial service providers.
Through this collaboration, urpay customers can now send international money transfers to bank accounts and digital wallets or opt for cash pickup at Western Union agent locations worldwide.
Abdullah Al Ibrahim, CEO of Neoleap, commented on the collaboration, stating: "We are delighted to partner with Western Union as we work to enhance financial inclusion by providing multiple options for financial service providers. Our goal is to ensure a secure and reliable international payment experience through the urpay digital wallet".
Giovanni Angelini, Head of Western Union for Europe, the Middle East, and Africa, added: "We are pleased to collaborate with urpay to extend Western Union's global network services to urpay customers. Saudi Arabia is a global leader in economic diversification, digital adoption, and financial innovation, and we are committed to supporting consumers and the broader community. Through this collaboration, we are elevating the digital remittance experience, making it easier and safer than ever for customers to send money internationally".
Western Union has been operating in Saudi Arabia since 2000, offering a variety of international money transfer solutions. The company has established itself as a leading partner in enabling seamless cross-border transactions, supporting industries such as telecommunications, technology, and financial services.
urpay, launched in 2021, has quickly become Saudi Arabia's leading digital wallet, attracting over 6.5 million users in a short period. It offers more than 50 financial services, including various types of payments, remittances, and other solutions tailored to meet the needs of a wide customer base.
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