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Now remit money with your cellphone, courtesy Qtel.

JAI NARAIN PANDEY DOHA QATAR telecom (Qtel) has launched mobile money service inside Qatar and to Philippines and Pakistan.

The service will be expanded to India among some other countries by the year-end, based on the strongest areas of demand for remittance, said its Chief Operating Officer Waleed al Sayed on Monday.

The service is available through Globe G Cash Account in the Philippines and Habib Bank in Pakistan.

Qtel will charge QR12 for every overseas remittance and 50 dirhams for money transfer inside Qatar. For Philippines, the recipient must have a Globe G-Cash Account but the beneficiary in Pakistan is not required to have an account in Habib Bank.

Only QR2,000 can be transacted at a time but the upper limit for the day is QR10,000.

Qtel's Mobile Money service provides every customer with a 'mWallet'-- an automatic account that can be accessed via his or her mobile phone. The service is accessible on all models of mobile phones and there is no requirement to change SIM cards or buy any special upgrades.

Launched in collaboration with a number of industry leaders, including Qatar National Bank (QNB), the new Qtel service targets the large segment of workers in Qatar who either have no bank account or encounter problems while waiting in long queues at exchange houses.

"Qtel's Mobile Money service will be particularly helpful for a significant number of so-called 'underbanked' or 'unbanked' customers who do not have access to traditional banking facilities. Qtel is also in discussions with employers in Qatar to make direct payments of salaries into Qtel Mobile Money accounts.

This service will be available from early 2012," Sayed said.

The service, however, is available to Qtel customers only and in case of money transfer inside Qatar, the beneficiary must also have a Qtel number, the COO clarified, saying that not only the sender but the recipient in Qatar should also be registered with its Mobile Money Wallet service.

For now, customers can register for Qtel Mobile Money, 'Cash In' and 'Cash Out' at five selected Qtel shops at City Center, Al Sadd, Souq Al Najada, Lulu Gharaffa and Lulu D Ring Road. In the next phase, Qtel customers will be able to load money through Qtel's national network of over 200 Self Service Machines (SSM) and Qtel shops across Qatar, Sayed explained.

The service is as easy to use as a mobile phone and registration for the service is free. Qtel Customers will even be able to buy Hala topup by using their Mobile Money mWallet, he said.

The service will also enable customers to pay Qtel bills, make merchant payments and avail of a wide range of services when the next phase goes live.

Sayed said, "The launch of Qtel's Mobile Money will provide an important new service to hundreds of thousands of people in Qatar, and deliver security, speed and peace of mind. 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." Executive General Manager and Chief Business Officer at QNB Ali al Kuwari said, "We are extremely honoured to support Qtel in this journey. Mobile Money is a revolutionary project for Qatar and the region and it is a testament to the consistent innovation that is being witnessed in the Qatari market.

QNB has always strived, directly or with valued partners such as Qtel, to deliver innovative, quality products and services that aim to simplify and ease the lives of all people from every financial background." Qtel also has plans to expand the Mobile Money service to include retail payments using Near Field Communications, (NFC) so that customers will be able to buy goods and services using their mobile phone.

"Qatar is becoming a highly technologically-advanced society, where the latest innovations are put to use in the service of the community.

We are proud to be offering this fully-comprehensive service for all the people of Qatar, to ensure that everyone has the benefit of a secure Mobile Money solution," al Sayed concluded.

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Publication:Qatar Tribune (Doha, Qatar)
Geographic Code:7QATA
Date:Oct 11, 2011
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