MoneyGram and Oman UAE Exchange tie up for better services
Maher Haddad, left, MoneyGramÔÇÖs senior regional director for the Middle East, Pakistan, and Afghanistan and Toney George Alexander, chief executive officer of Oman UAE Exchange after signing the agreement yesterday. Photo ÔÇö A. K. RAJKUMAR/Times of Oman
The new agreement will offer more options to the customers and will enhance the reliability and convenience of money transfers, Maher Haddad, MoneyGramÔÇÖs senior regional director for the Middle East, Pakistan, and Afghanistan, said at a press conference here on Monday.
He was speaking after MoneyGram, the second largest money transfer company in the world, signed an agreement with Oman UAE Exchange, the largest company in the Sultanate of Oman, to offer money transfer services at nearly 50 locations throughout the country.
MoneyGram offers worldwide money transfer services in more than 200 countries and territories through a global network of 347,000 agent locations, including retailers, international post offices and banks. MoneyGram also offers bill payment services, issues money orders and processes official checks in select markets.
Toney George Alexander, chief executive officer of Oman UAE Exchange, said that the new deal will provide customers with a wider range of services in terms of sending and receiving funds.
Oman UAE Exchange has the largest network of 50 outlets spanning across the country, is the number one among the exchange companies with regards to capitalisation, net worth and compliance, and has worldwide remittance arrangement with over 75 banks in major currencies. It also has a large capital base of over $20 million, the highest among exchange companies in Oman.
Mohamed M. Sukkari, MoneyGramÔÇÖs regional manager for the Middle East, also hailed the agreement, saying that the exchange companyÔÇÖs services to be provided include money transfer, cash-to-cash and 10-minute transfer services.
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