Tahweel Al Rajhi Announces Partnership with MoneyGram

Al Rajhi Bank is pleased to announce that Tahweel Al Rajhi, the local and international remittance leader in Saudi Arabia, has entered into a strategic partnership with MoneyGram a global leader in cross-border P2P payments and money transfers.

The Bank stated that to meet Al Rajhi bank strategy "The Future Bank", the bank will always provide value to the customers in the highest quality, secure, affordable and fastest way with the most advanced banking services, which will result in a unique experience for the customers. In addition, the bank provides 10 different channels, including digital channels, which are the most advanced in the region.

Al Rajhi Bank believes that the partnership with MoneyGram will increase the service standards and provide user-friendly innovative options in serving customers. Regarding the new partnership, the bank said "we always try to exceed customer expectation by offering them an enhanced value proposition, this time for money transfers to more than 200 countries around the world". This partnership will be a new added value for Tahweel Al Rajhi’s esteemed customers, in addition to the free insurance on each remittance throughout the 10 channels that is available to the customers in the best quality, secure and affordable way.

MoneyGram was founded in 1998 and is the second biggest service provider for money transfer across the world. MoneyGram provides to its customers the latest technology in money transfer in the most secure way. Today, MoneyGram provide its services through 350 thousand agent and in more than 200 countries internationally collaborating with the world's leading brands.