MoneyGram and Qtel Launch Mobile Money Transfer Service for Qatar
Agreement is regions first integration between global money transfer operator and Qatars leading international communications operator
DOHA, Qatar--(BUSINESS WIRE)-- MoneyGram (MGI) (NYSE:MGI), a leading global money transfer company, announced today it is entering Qatar through a multi-year agreement with Qtel, the countrys leading mobile operator, to offer international mobile money transfer services. The collaboration between Qtel, a leading international communications company with a significant presence in the MENA region and Southeast Asia, enables a global scale remittance offering available from customers mobile wallets.
Under the agreement, Qtel customers will be able to register for the Qtel Mobile Money service at any Qtel shop or directly from their mobile phones and send funds that can be picked up at any of MoneyGrams 284,000 global locations in 197 countries.
This relationship also gives thousands of customers in Qatar who do not have a bank account or use traditional banking services the ability to send money using a mobile device internationally in a secure, convenient and reliable method 24 hours a day, 365 days a year. Transfer of the money is almost instantaneous with the Qtel Mobile Money service, and recipients can collect the cash safely and reliably from MoneyGram local agents.
Our mobile service provides security, convenience and global reach that extend these benefits to all our customers, including those who do not have a bank account, said Waleed Al Sayed, chief operating officer, Qtel. Our collaboration with MoneyGram is a critically-important step that reinforces and demonstrates Qtels commitment to service and innovation. With a growing number of foreign workers working on critical projects in Qatar, there is an increasing need for individuals to be able to transfer money home safely and conveniently.
MoneyGram continually looks for opportunities to leverage new technologies that will enhance our customer experience and connect with more customers in the remittance industry, said Richard Meredith, senior regional director, Middle East, MoneyGram. We know that in Qatar, the mobile wallet industry continues to grow. Our collaboration with Qtel is an important move for us as we continue to monitor for new ways to serve customers in the Middle East region.
For more information, visit moneygram.com/Qatar.
Qatar Telecom (Qtel) provides a full range of telecommunications services in Qatar and across its presence in 17 countries. Our vision is to be among the top 20 telecommunications companies in the world by 2020 through expansion in both the MENA region and South East Asia.
MoneyGram, a leading global money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide and bill payment services in the United States and Canada through a global network of more than 284,000 agent locationsincluding retailers, international post offices and financial institutionsin 197 countries and territories around the world. To learn more about money transfer or bill payment at an agent location or online, please visit moneygram.com or connect with us on Facebook.
Mike Gutierrez/Sophia Stoller, 214-303-9923
Source: MoneyGramCopyright Business Wire 2012