|[November 07, 2012]
MoneyGram and Qtel Launch Mobile Money Transfer Service for Qatar
DOHA, Qatar --(Business Wire)--
(NYSE:MGI), a leading global money transfer company, announced today it
is entering Qatar through a multi-year agreement with Qtel (News - Alert), the
country's 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 MoneyGram's (News - Alert)
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. Transfr of the
money is almost instantaneous with the Qtel Mobile Money service, and
recipients can collect the cash safely and reliably from MoneyGram local
"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 Qtel's 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 locations-including
retailers, international post offices and financial institutions-in 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.
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