Ooredoo Money partners with Mastercard to facilitate fast, secure remittances – The Peninsula

Ooredoo Money partners with Mastercard to facilitate fast, secure remittances – The Peninsula

Doha: Ooredoo Money, a pioneer of innovative mobile financial products, has signed a strategic partnership with Mastercard to enable consumers to carry out simple, speedy and secure remittance payments.

The agreement will see Ooredoo become the first mobile network operator in Qatar to launch Mastercard’s Cross-Border Services, which will offer Ooredoo Money customers more choice as they transfer money in real time directly to bank accounts and mobile wallets globally.

Ooredoo will now be able to seamlessly process digital payments for its Ooredoo Money customers, leveraging Mastercard’s Cross-Border Services global network through a single connection. Furthermore, these cross-border payments can reach almost anywhere in the world with certainty and predictability, and without back-end charges.

Sheikh Nasser Al Thani, CCO, Ooredoo, said: “We have a strategic commitment to seeking, establishing and developing partnerships with world-leading entities in order for us to remain at the forefront of our industry and continue to drive our pursuit of excellence. We are delighted to partner with Mastercard, with its reputation for enabling scores of banks, fintechs, mobile network operators and exchange houses to modernise remittances. This partnership will enable us to further enhance the products and services we offer our customers, in turn enabling them to upgrade their