Qtel to offer Mobile Money services across its Global Footprints

The Qtel Group has announced plans to make Mobile Money services available for customers across its international operations at the Mobile World Congress in Barcelona. With its regional footprint covering 17 countries, and more than 53 million customers, The Qtel Group is confident that it will generate strong demand for these services. In particular, with millions of dollars remitted from the Gulf region to Asian countries every year by expatriate workers, executives are confident that Mobile Money will have important social as well as financial benefits. Among the services being developed as part of The Qtel Group’s mobile money proposition are secure international mobile remittance, mobile payment and mobile recharge facilities.

Dr. Nasser Marafih, Chief Executive Officer, The Qtel Group, explains: "There is a significant community of under-banked and un-banked segments in the Middle East, North Africa and Asia, and Mobile Money services will play an increasingly important role in addressing their needs. With our presence across this region, and strong connectivity with key remittance markets such as India, Indonesia and the Philippines, we are confident that The Qtel Group can play a key role in delivering Mobile Money services in a compelling and cost-effective manner."

Dr. Nasser concludes: "The Qtel Group has developed a strong understanding of the needs of our diverse customer base, and our research demonstrates that Mobile Money services are among the most eagerly-anticipated across multiple markets. Our aim is to be among the leading companies in this field within the next few years, supplying the most reliable and cost-effective range of Mobile Money payments to millions of our customers."