Qatari telecoms group Ooredoo has passed the milestone of more than one million mobile money customers in Qatar, Indonesia and Tunisia. The group’s mobile money service enables customers to use their mobile phones to access a comprehensive suite of mobile financial services, and represents a low-cost alternative for customers who do not have bank accounts, or do not have easy access to financial services. Typically, customers can transfer money domestically and internationally, top-up their own pre-paid accounts or those of their friends and family, pay bills, and in some markets receive salary payments, using their mobile phones.
Myanmar, where Ooredoo recently won a mobile network licence, will be a key area of focus for implementing mobile money solutions in the near future, the group says. Myanmar’s large, rural population of 60 million people has limited access to financial services, but will have widespread mobile phone access as Ooredoo (and rival Telenor) roll out networks over the coming years.