Latest news with #urpay
Argaam
02-03-2025
- Business
- Argaam
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.
Yahoo
28-02-2025
- Business
- Yahoo
Urpay partners with Western Union for international remittances
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. 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. "Urpay partners with Western Union for international remittances" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
26-02-2025
- Business
- Zawya
Western Union and urpay collaborate to offer international money transfer services
Launch supports Saudi Vision 2030 by driving financial inclusion and enhancing financial services RIYADH, Saudi Arabia-- (BUSINESS WIRE/AETOSWire)-- Western Union and urpay today announced the launch of international money transfer services in the urpay wallet, enabling customers to seamlessly send money to friends and family globally. The move aims to contribute towards Saudi Arabia's ongoing efforts to build an inclusive digital economy as part of its Vision 2030. urpay, launched in 2021, is Saudi Arabia's leading digital wallet with over 6.5 million users. It provides an integrated experience through a diverse range of over 50 services including payments, mobile top-ups, exclusive deals and money transfers. Today's announcement means that urpay customers will be able to send money transfers internationally to bank accounts, mobile wallets, or for cash collection at Western Union Agent locations across select countries. Both companies are also exploring opportunities to expand the breadth of Western Union's global network for urpay customers over the coming weeks. 'We are excited to collaborate with urpay - bringing access to Western Union's global money transfer network to urpay wallet customers,' said Giovanni Angelini, President, Europe, Middle East, and Africa at Western Union. 'Saudi Arabia is a global leader in economic diversification, digital adoption and financial innovation, and we remain committed to supporting the country's consumers and communities. 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.' Strengthening Cross-Border Money Transfer Services The launch aligns with Western Union's and urpay's shared mission to make financial services accessible for everyone through innovative solutions. It simplifies cross-border transactions, empowering customers with reliable and efficient money transfer options. It reflects both companies' commitment to delivering world-class financial services by expanding their offerings to meet customer needs. 'We are pleased to collaborate with Western Union to enhance financial inclusion by offering multiple options for financial services,' said Abdullah Al-Ibrahim, CEO, NeoLeap. 'Our goal is to ensure a secure and reliable international money transfer experience through the urpay digital wallet.' Driving Financial Inclusion in One of the World's Largest Remittance Markets Saudi Arabia is one of the world's largest outbound remittance markets. According to the World Bank, the country's consumers sent over $38 billion in 2023. This makes the availability of reliable, accessible international money transfer services critical for millions supporting families back home. The collaboration between Western Union and urpay supports this need by providing a reliable and efficient digital solution to move money on the go. Western Union branded services have been available to consumers in Saudi Arabia since 2000, through collaborations that offer a broad range of international money transfer services. The collaboration with urpay further strengthens Western Union's footprint in the region, enhancing customer experience by providing more digital-first solutions tailored to their financial needs. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit About urpay urpay is a comprehensive digital wallet powered by neoleap, launched in 2021. In a short span, it has become one of the leading digital wallets in the Kingdom. urpay offers a broad suite of over 50 financial services, allowing users to transact effortlessly anytime, anywhere. With a growing community of over 6.5 million users, urpay is redefining convenience by catering to diverse financial needs, from everyday transactions to international remittances and beyond. Built on cutting-edge encryption technologies, urpay prioritizes security, reliability, and efficiency, ensuring every transaction is safeguarded by the highest industry standards .urpay is a comprehensive digital wallet powered by neoleap, launched in 2021. In a short span, it has become one of the leading digital wallets in the region. urpay offers more than 50 diverse financial services for daily transactions, catering to individuals from various segments. With over 6 million users benefiting from its services, urpay ensures a high level of security by utilizing advanced encryption technologies to safeguard information and transactions. Our goal is to redefine digital payments by providing efficiency, accessibility, and innovation, making financial management easier than ever. View source version on *Source: AETOSWire
