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Ooredoo partners Huawei on Fintech

7 Mar 2023

Ooredoo Group signed a partnership agreement with Huawei to leverage the Chinese vendor’s Mobile Fintech platform to provide Fintech services (including mobile money and associated applications) in markets across the Qatari-based telecom group’s footprint. Ooredoo claims to have established a strong position in Fintech in Qatar with a 35% market share of the overall mobile money transaction value in the MENA region, based on a 2022 GSMA study.

The latest agreement aims to support Ooredoo in providing state-of-the-art, mobile-first financial services on Huawei’s platform for both consumers and merchants. Aziz Aluthman Fakhroo, Ooredoo Group CEO, said: ‘A key pillar of our strategy is evolving our core, and this includes identifying new use cases and exploring new businesses in our immediate industry adjacency such as Fintech, where Ooredoo has already established successful operations in our home market Qatar. Our plan in 2023 is to evolve our Fintech marketplace to other markets within our footprint, enabling us to simplify everyday financial transactions and drive financial inclusion. This new partnership agreement with Huawei will solidly underpin our efforts in this field.’

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