Qatari incumbent operator Qtel has launched the mobile money service called “mobile wallet” or “mWallet” in the country.
Qtel is offering this service for free registration to all its customers that will enable them to carry out safe and fast way to transfer money within the country as well as to overseas destinations. Currently, Qtel has announced the first two international remittance destinations as Pakistan and the Philippines.
Waleed Al Sayed, Qtel’s chief operating officer, said: “Qtel believes there is a significant market of people who currently rely on cash-based financial services, including money transfer services, to support their families. The launch of this new service will provide them with an important and safe alternative.”
Qtel’s mobile money service provides every customer with a mWallet or an automatic account that can be accessed via their mobile phones. The service is accessible on all types of mobile phones.
The mobile money service allows Qtel’s customers to buy Hala top-ups, pay Qtel bills, make merchant payments, as well as buy a wide range of services when the next phase goes live.
Qtel’s mobile money service is being launched in collaboration with a number of industry leaders, including Qatar National Bank (QNB).
Qtel is also working with employers in Qatar to enable them to make direct payments of salaries into Qtel mobile money accounts. This service is expected to be available from early 2012.