MoneyGram Launches Partnership with Al Rajhi Bank to Transform Saudi Arabia Cross-Border Payments Market

[cryptoxrp]

Alliance provides MoneyGram with the industry's largest physical and digital network in Saudi Arabia.

DALLAS, June 4, 2020 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI), a global leader in cross-border P2P payments and money transfers, today announced that it has entered into a strategic partnership with Al Rajhi Bank, the largest Islamic bank in the world, and Tahweel Al Rajhi, the remittances arm of Al Rajhi Bank, to provide money transfer services in Saudi Arabia.

Source: https://www.prnewswire.com/news-releases/moneygram-launches-partnership-with-al-rajhi-bank-to-transform-saudi-arabia-cross-border-payments-market-301070827.html

Moderator, this news is very important for the Ripple-Moneygram partnership and the development of ODL, which is the reason I posted it in the main news section. Please move the post to 'Other Press' if that is your wish/choice.

Edited June 4, 2020 by cryptoxrp

[LetHerRip]

Posted in the wrong section, this is the XRP News section not the Moneygram news section. There is Other News category for these posts.

Edited June 4, 2020 by LetHerRip

[cryptoxrp]

22 minutes ago, LetHerRip said:

Posted in the wrong section, this is the XRP News section not the Moneygram news section. There is Other News category for these posts.

I am glad that you also like this extremely positive and bullish news for the Moneygram-Ripple partnership.

Edited June 4, 2020 by cryptoxrp

[Trini86]

I think he posted it to help fuel speculation, since Ripple is tied up in MG and most likely going to be facilating some of the transactions  

 

[aavkk]

Thanks for sharing.  This is an important contract.  Without these key relationships it will be hard to be prepared when ODL is given the green light in India and throughout the Middle East.  Of course, once India and the Middle East are powered via ODL the volumes will be exponential. 

[bloodhound]

9 hours ago, RippleRicky said:

Al Rajhi Bank (ARB), the world’s largest Islamic Bank, has completed a secure, cross-border money transfer using Ripple Blockchain Technology

 

https://www.alrajhibank.com.sa/ar/alrajhi-group/media-center/press-releases/al-rajhi-bank-completes-transaction-using-blockchain-technology
 

LETS GO!!! 

That release is from May 2017.