MoneyGram International, Inc. announced a strategic partnership with innovative financial technology app barraq. Through this partnership, consumers in Saudi Arabia will be able to use the barraq mobile app to send funds to family and friends globally. This is made possible through MoneyGram's advanced cross-border technology platform that enables recipients to access their funds through a suite of digital methods and retail locations around the world.

MoneyGram has established itself as the preferred remittance partner in the Middle East digital ecosystem, evidenced by the Company's recent successes with digital partners and significant growth in the region. As MoneyGram continues to deepen relationships with existing partners in the Middle East. To celebrate the partnership, Holmes and Alenazi signed the agreement together at the LEAP 2024 conference in Riyadh.