June 13, 2025
RIYADH, Kingdom of Saudi Arabia — MoneyGram, one of the world’s largest cross-border remittance and payment networks, has officially announced a strategic partnership with tiqmo, the fastest-growing digital financial app in Saudi Arabia. This collaboration marks a significant milestone in enhancing international money transfer capabilities across the Kingdom.
Through this partnership, tiqmo users can now send money to over 200 countries and territories directly via MoneyGram’s vast global network. The integration enables access to more than five billion digital endpoints and over 480,000 MoneyGram locations worldwide, supporting transactions in over 120 currencies. Services now include bank account transfers, digital wallet top-ups, cash pick-up, bill payments, and mobile recharges.
Driving Financial Access and Inclusion
With Saudi Arabia ranked as the second-largest sender of remittances globally (over $39 billion in 2022, per the World Bank), this partnership is poised to streamline cross-border financial services for millions of people. Target beneficiaries include countries such as India, Pakistan, Bangladesh, the Philippines, Egypt, Indonesia, and Nepal.
“This collaboration with MoneyGram is a major leap forward for tiqmo,” said Abdulaziz Al Ajlan, Managing Director at tiqmo. “It aligns perfectly with Saudi Arabia’s Vision 2030 and our mission to redefine digital financial services. By partnering with a globally trusted name like MoneyGram, we aim to strengthen our portfolio and provide even more value to our users.”
Expanding MoneyGram’s Digital Reach
Ahmed Aly, Head of Middle East, South Asia & Asia Pacific at MoneyGram, added: “This partnership reinforces our leadership in digital cross-border payments and further supports financial inclusion in the region. Working with tiqmo allows us to deliver innovative remittance solutions to a fast-growing, digitally savvy audience in one of the world’s most important markets.”
About tiqmo
A subsidiary of Ajlan & Bros Holding Company, tiqmo launched in 2024 and has already processed over $7 billion USD in financial transactions within its first year. Licensed by the Saudi Central Bank, tiqmo has quickly earned the trust of millions by offering secure, user-friendly, and highly rewarding financial solutions.
Backed by one of the largest private sector investment groups in the region, Ajlan & Bros, the tiqmo app is building a next-generation digital payments ecosystem across the Middle East and North Africa (MENA).
About MoneyGram
Headquartered in Dallas, Texas, MoneyGram connects over 50 million users each year in more than 200 countries and territories. The company is known for its seamless, secure, and affordable global money transfers, and continues to innovate in digital financial services while supporting communities, businesses, and institutions worldwide.
The new service is live and now available to all tiqmo users across Saudi Arabia.
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