Ooredoo Money Partners with Mastercard to Facilitate Fast and Secure Online Remittances
Doha, Qatar; 5 Novermber 2022: Ooredoo Money, a pioneer of innovative mobile financial products, has signed a strategic partnership with Mastercard to enable consumers to carry out simple, speedy and secure remittance payments.
The agreement will see Ooredoo become the first mobile network operator in Qatar to launch Mastercard’s Cross-Border Services, which will offer Ooredoo Money customers more choice as they transfer money in real time directly to bank accounts and mobile wallets globally.
Ooredoo will now be able to seamlessly process digital payments for its Ooredoo Money customers, leveraging Mastercard’s Cross-Border Services global network through a single connection. Furthermore, these cross-border payments can reach almost anywhere in the world with certainty and predictability, and without back-end charges. Mastercard’s platform plays a key role in improving world-wide connectivity, by providing new and enhanced innovation across the global digital ecosystem.
Sheikh Nasser Al Thani, CCO, Ooredoo, said: “We have a strategic commitment to seeking, establishing and developing partnerships with world-leading entities in order for us to remain at the forefront of our industry and continue to drive our pursuit of excellence. We are delighted to partner with Mastercard, with its reputation for enabling scores of banks, fintechs, mobile network operators and exchange houses to modernise remittances. This partnership will enable us to further enhance the products and services we offer our customers, in turn enabling them to upgrade their worlds.”
Amnah Ajmal, Executive Vice President, Market Development, EEMEA, Mastercard, said: “Our collaboration with Ooredoo strengthens our intent to empower non-traditional players through our technology and innovation. Mastercard’s multi-rail strategy aims to support innovative payment solutions across all digital payment rails, enabling people and organisations to send and receive money how, where, and when they choose.”
Ooredoo Money is dedicated to offering mobile financial services to all sectors of the community in Qatar, enabling them to carry out the financial transactions they need quickly, efficiently and securely.