MoneyGram and Qtel Launch Mobile Money Transfer Service for Qatar
Agreement is region’s first integration between global money transfer operator
and Qatar’s leading international communications operator
DOHA, Qatar -- November 07, 2012
MoneyGram (NYSE:MGI), a leading global money transfer company, announced today
it is entering Qatar through a multi-year agreement with Qtel, 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 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. Transfer of the money is almost
instantaneous with the Qtel Mobile Money service, and recipients can collect
the cash safely and reliably from MoneyGram local agents.
“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
“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
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.
Mike Gutierrez/Sophia Stoller, 214-303-9923
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