As part of its ambitious 2026 growth roadmap, IBAG, the leading international money transfer provider and the oldest Western Union agent in Egypt, has officially announced the inauguration of its newest branch in the Remaya area of Giza.
This strategic move brings the company’s total network to an impressive 176 branches nationwide, further solidifying its footprint in the Egyptian financial services sector.
Strategic Network Expansion
This milestone is a direct reflection of IBAG’s commitment to bringing world-class financial services closer to its customers.
With the addition of the Remaya branch, IBAG’s extensive network now comprises 39 standalone branches, complemented by 137 locations operating seamlessly within the branches of Egypt’s largest state-owned banks: the National Bank of Egypt (NBE), Banque Misr, and Banque du Caire.
The choice of the Remaya location was a calculated decision within the company’s structured expansion strategy. By increasing its presence in high-traffic and geographically vital areas, IBAG aims to enhance its ability to serve a diverse and growing customer base while delivering integrated financial services with maximum operational efficiency and speed.
Commitment to Financial Inclusion
The expansion goes beyond mere physical presence; it is deeply rooted in supporting Egypt’s national vision. Dr. Moustapha Sarhank, Executive Chairman of IBAG, commented: “The opening of the Remaya branch marks another strategic step in our accelerated growth journey. It underscores our alignment with the state’s financial inclusion agenda. By providing reliable, formal, and accessible financial solutions to broader segments of society, we are actively helping to integrate more citizens into the formal financial system.”
Echoing this sentiment, Abd Allah Al Sada, Chief Executive Officer of IBAG, stated: “Reaching 176 branches nationwide reflects our dedication to executing a clear vision built on well-planned geographic growth. Our long-term strategy is focused on achieving sustainable growth driven by operational excellence. We aim to maximize value for our clients, ensuring that receiving remittances is a fast, secure, and dignified experience.”
Supporting the Egyptian Economy
IBAG plays a crucial role in the Egyptian economy by facilitating the flow of foreign remittances, which remain a cornerstone of the nation’s foreign currency reserves. By improving access to financial services through the 2026 strategy, IBAG is not only elevating the customer experience but also reinforcing its contribution to national economic stability.
The Remaya branch is designed to meet the highest institutional performance standards, offering a premium service environment that adheres to global best practices. As IBAG confidently moves toward its 2026 objectives, it continues to set the benchmark for the money transfer industry in the region.
