Al Muzaini Exchange, one of Kuwait’s longest-established and most trusted financial service providers, has announced a strategic partnership with MoneyGram, one of the world’s leading global payments networks, to further strengthen its international remittance capabilities across the country.
Through this collaboration, Al Muzaini customers can now send and receive cross-border money transfers from Al Muzaini branches through MoneyGram’s extensive global payments network. Al Muzaini customers can select how their loved ones abroad receive the funds, including direct bank account and mobile wallet transfers or cash pickup at nearly 500,000 MoneyGram locations worldwide.
The partnership enhances Al Muzaini’s ability to provide customers with greater flexibility and vast international reach across more than 200 countries and territories. By combining Al Muzaini’s strong nationwide presence with MoneyGram’s expansive omnichannel infrastructure, the integration delivers a secure and streamlined remittance experience.
Al Muzaini Exchange operates one of the largest foreign exchange and remittance retail networks in Kuwait, with more than 145 branches across the country, including a 24-hour branch at Kuwait International Airport. The company continues to strengthen its service portfolio by partnering with globally recognized payment networks to meet the evolving needs of individuals, families and businesses.
Commenting on the partnership, Hugh Fernandes, General Manager of Al Muzaini Exchange, said: “For over 80 years, Al Muzaini Exchange has stood as a pillar of Kuwait’s financial services landscape, delivering trusted foreign exchange and international remittance solutions. This partnership with MoneyGram further strengthens our global reach and enhances the range of options we can offer customers seeking reliable and convenient cross-border services.”
Highlighting the strategic importance of the collaboration, Ahmed Aly, General Manager Middle East, Asia Pacific and Africa at MoneyGram, emphasized the shared vision behind the partnership: “Kuwait is one of the most dynamic remittance markets in the Gulf, and this collaboration marks a significant step in expanding MoneyGram’s regional presence. Partnering with Al Muzaini Exchange brings together two trusted institutions in cross-border payments, allowing us to deliver greater accessibility, choice and value to customers who depend on secure and efficient international money transfers.
”This partnership reflects a mutual commitment to strengthening global money movement and supporting Kuwait’s evolving demand for faster, safer and more accessible financial connectivity.
