Ooredoo business partners with My Rateb to introduce mobile financial services

Ooredoo business partners with My Rateb to introduce mobile financial services

Kuwait City, Kuwait: Ooredoo business, the trusted technology partner for technology and business solutions, has signed a memorandum of understanding (MOU) with My Rateb to collaborate on new financial services.

RATEB is an e-wallet payment solution currently in the Central Bank of Kuwait sandbox that will introduce mobile financial services in the Kuwaiti market. The application will introduce efficient & seamless solutions for both employer and beneficiary to set up an account & settle their dues. Rateb App shall work as a bridge between Ooredoo Kuwait and My Rateb’s customer base connecting both to a new scope of services and products for both Ooredoo Kuwait and Rateb customers. The two companies will partner to introduce innovative & robust financial technologies, in keeping pace with the countries approach towards becoming a financially technological hub and adopters of digitally advanced technologies, making financial transactions more seamless. These digitally enabled solutions will serve the low paid and domestic helpers through technology, leveraging secure biometrics with a distinctive ease of implementation and use and will provide a transparent platform for the Employer Employee relationship.

The MOU was signed at a ceremony with the presence of Ooredoo Kuwait’s Chief Executive Officer, Mr. Abdulaziz Al-Babtain, along with the