Western Union and urpay, a Saudi digital wallet powered by Neoleap, have officially launched international money transfer services in the urpay wallet.
urpay, launched in 2021, is a leading digital wallet in Saudi Arabia, currently boasting a user base exceeding 6.5 million. The platform offers a comprehensive suite of over 50 services, including consumer payments, mobile recharges, promotional offers, and now, enhanced money transfer functionalities.
Now, urpay users can facilitate international transfers to direct deposits into bank accounts, transfers to mobile wallets, and cash pickups at Western Union agents across select countries. Furthermore, both organizations are actively investigating prospects to amplify Western Union’s extensive global network, thereby expanding accessible options for urpay customers in the near future.
“We are excited to collaborate with urpay – bringing access to Western Union’s global money transfer network to urpay wallet customers,” said Giovanni Angelini, President of Europe, Middle East, and Africa at Western Union. “Saudi Arabia is a global leader in economic diversification, digital adoption and financial innovation, and we remain committed to supporting the country’s consumers and communities. Collaborating with urpay means we can further address their growing demand for digital money transfers, so that consumers can send money abroad with convenience and ease.”
Also Read: Ant International launched its First Middle East Office in Riyadh, Saudi Arabia“We are pleased to collaborate with Western Union to enhance financial inclusion by offering multiple options for financial services,” said Abdullah Al-Ibrahim, CEO of NeoLeap. “Our goal is to ensure a secure and reliable international money transfer experience through the urpay digital wallet.”
Saudi Arabia is one of the world’s largest outbound remittance markets. According to the World Bank, the country’s consumers sent over $38 billion in 2023. This makes the availability of reliable, accessible international money transfer services critical for millions supporting families back home.
Western Union branded services have been available to consumers in Saudi Arabia since 2000, through collaborations that offer a broad range of international money transfer services.
