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FAB debuts MoneyGram innovative services in UAE via payit

Abu Dhabi -Mubasher: First Abu Dhabi Bank (FAB) on Sunday announced it has partnered with US-based financial services company MoneyGram to launch the latter’s services through the bank’s payit mobile wallet in the UAE.

Accordingly, the UAE’s first fully-featured digital wallet payit has been linked to MoneyGram’s cross-border money transfer platform, according to a press release.

This partnership allows customers in the GCC state to send money to friends and family in over 200 countries and territories via their payit wallet balance, FAB unveiled.


Ramana Kumar, senior vice president and head of payments, personal banking group at FAB, said: “Payit is the only mobile wallet in the UAE that offers MoneyGram’s transfer services and this partnership will help strengthen the capabilities of our pioneering app, in line with our strategy of bringing best-in-class digital financial services to our clients.”

“The UAE is home to more than 200 nationalities who live in a society that aspires to be at the forefront of technological innovations,” Ahmed Aly, head of Middle East for MoneyGram, said.

“We believe this partnership helps deliver a modern and state-of-the-art solution to what is an everyday need for a large percentage of that population,” Aly added.

Payit mobile wallet is now available for users to download on Apple Store and Google Play Store.

Source: Mubasher

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