MoneyGram and myZoi Team Up to Boost Financial Inclusion in UAE

MoneyGram and myZoi have joined forces in a new partnership that aims to bring financial inclusion right to the fingertips of underbanked communities across the UAE. The collaboration blends MoneyGram’s vast global money transfer network with myZoi’s purpose-driven digital platform—together enabling users to send funds quickly and securely to more than five billion digital endpoints and almost half a million locations worldwide. That’s quite a reach, isn’t it?

Headquartered in Dallas, MoneyGram has long built its name as one of the most accessible global payments networks, linking customers in more than 200 countries and territories. In this tie-up, the company’s infrastructure is being plugged into myZoi’s system, giving workers—often those on lower incomes or without traditional bank accounts—a modern, low-cost way to send money home. I reckon for thousands of people supporting families abroad, this could save a fair bit of time (and a bit of a faff, too).

Ahmed Aly, MoneyGram’s head for the Middle East, South Asia & Asia Pacific, described the move as an important milestone in expanding digital-first financial services. His point resonated with me; here at Arageek, we often see how fintech collaboration can shake up old financial systems and boost inclusion. Still, the proof will be in the pudding—execution is everything in fintech, no matter how noble the concept.

As for myZoi, the SC Ventures–backed company, licensed by the Central Bank of the UAE, has made waves with its inclusive digital wallet. The wallet’s “One‑to‑Many” feature lets users send money to up to five recipients for the price of a single transfer—spot on for expat workers trying to stretch every dirham. The app’s simplicity and multi-language support make it accessible to people who might otherwise struggle with tech-heavy interfaces. On top of that, the company has gamified financial literacy with “Money Tips,” a feature teaching budgeting and safe spending in a fun way.

Syed Muhammad Ali, myZoi’s CEO, said the partnership will help the company scale its mission of affordability and impact. That said, scaling always brings its own challenges; financial inclusion is never just about tech, it’s about trust. And trust, well… I mean, that takes time to build.

The venture also fits neatly within six of the United Nations’ Sustainable Development Goals, giving it a broader, measurable social purpose. It’s good to see businesses thinking beyond profit margins, especially in a region like the Middle East where millions depend on remittances to support families back home.

At Arageek, we’ve often met founders trying to tackle similar issues—making money move safely and affordably for those who need it most. It’s the kind of innovation that reminds you why fintech, when done right, really can change lives. So yes, while there’s still plenty of work ahead, this partnership between MoneyGram and myZoi feels like a step in the right direction… and one worth keeping an eye on, even if the road gets a bit bumpy along the way.

(And if you’re wondering, yes, I’m definately a believer in small, practical innovations making the biggest social dent.)

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!

✉️ Send Us Your Story 👇

https://en.arageek.com/send-us-your-story-or-a-news-tip