Working Together Offering Real-time, Cross-border Remittance Service
Ooredoo Money has signed a partnership with Thunes, a global cross-border payments platform headquartered in Singapore, to offer real-time money transfers to multiple international mobile wallets. This partnership will enable Ooredoo Money customers to send money instantly to mobile wallets and bank accounts in 20 countries across Africa, South Asia and Asia Pacific.
Sheikh Nasser Bin Hamad Bin Nasser Al Thani – Chief Commercial Officer at Ooredoo – said: “Through this partnership Ooredoo Money will offer more choice to its core customers. Thunes has a mission of empowering businesses and their customers to make global payments fast, transparent and affordable – all the ambitions that highlight an ideal partner for Ooredoo Money.”
Mobile money is one of the fastest-growing payment methods, with 548 million registered accounts across 157 providers in Africa and projected growth of 311% from 2020 to reach almost 440 million mobile wallet users in Southeast Asian countries by 2025. With a single integration, Thunes opens up instant access for businesses to enable seamless mobile wallet transfers across the world’s major receiver markets.
Simon Nelson, SVP for Middle East and North Africa at Thunes, said: “We believe that the payment experience of the future will be transparent, real-time and inter-operable across countries and payment methods. By working with Ooredoo Money, we are seeing this vision evolve into reality, and are very happy to work together and empower a borderless payments journey for their users.”