Al-Mutairi and Mone Gram Announce Strategic Partnership

Al Muzayani for Exchange announced a new strategic partnership with MoneyGram, aimed at enhancing and expanding its international money transfer services for customers across the country. Under this collaboration, Al Muzayani customers will be able to send and receive money transfers through MoneyGram’s global network, which covers more than 200 countries and territories, directly via Al Muzayani branches. This move offers customers broader options and greater flexibility when executing cross-border transfers.

The integration combines Al Muzayani’s strong local network with MoneyGram’s multi-channel (omnichannel) infrastructure, delivering a reliable and seamless money transfer experience. Overseas receipt options include direct transfers to bank accounts, digital wallet transfers, or cash pickup at approximately 500,000 MoneyGram locations worldwide.

Al Muzayani for Exchange operates more than 145 branches throughout Kuwait, including a 24/7 branch at Kuwait International Airport. The company continues to enhance its services through strategic partnerships with global payment networks, serving the needs of individuals, families, and businesses.

Commenting on the partnership, Hugh Fernandes, General Manager of Al Muzayani for Exchange, said: “For over 80 years, Al Muzayani for Exchange has established itself as one of the main pillars of Kuwait’s financial landscape by providing reliable foreign exchange and international money transfer services. This partnership with MoneyGram marks an important step in strengthening our global presence and expanding the range of transfer options we offer to our customers, meeting their growing need for efficient, flexible, and trustworthy international transfer services.”

For his part, Ahmed Ali, General Manager for the Middle East, Asia-Pacific, and Africa region at MoneyGram, emphasized the strategic importance of this collaboration, stating: “Kuwait is one of the most active money transfer markets in the Gulf region, and this partnership represents a significant step in expanding MoneyGram’s regional footprint. This collaboration brings together two leading experts in cross-border payments, enabling the provision of more convenient, diverse, and value-added options for customers who rely on secure and effective international transfer services. This partnership reflects both parties’ shared commitment to facilitating global money flows and meeting Kuwait’s growing demand for faster, safer, and more accessible financial solutions, aligning with the aspirations of individuals, families, and businesses.”