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MoneyGram Publicizes 5-12 months Extension to Ooredoo Qatar Partnership For Cell Pockets Functionality Advances
Digital cash switch service MoneyGram (NASDAQ: MGI) not too long ago introduced a five-year extension to its partnership with Ooredoo Qatar, a telecommunications operator primarily based in Qatar. MoneyGram reported that the renewal allows its prospects to proceed to ship cash in close to real-time to household and mates by means of Ooredoo Cash Pockets, which is a digital account that permits prospects to simply deposit, entry, or withdraw cash.
Whereas sharing extra particulars concerning the partnership extension, Alex Holmes, MoneyGram Chairman and CEO, said:
“We’re excited to increase our partnership with Ooredoo Qatar for one more 5 years as we proceed to construct upon the robust momentum in our digital transformation. As our first totally digital accomplice again in 2012, Ooredoo has been a driving drive in our shift to digital within the Center Japanese market, and we look ahead to seeing our partnership proceed to flourish within the years to return.”
Fatima Sultan Al Kuwari, Chief Client Officer at Ooredoo Qatar, then added:
“With Qatar being one of many largest outbound worldwide remittance markets, our strategic partnership with MoneyGram continues to assist join family and friends world wide by means of quick, handy and inexpensive cash switch providers. The size of the brand new contract time period is a testomony to the energy and ongoing success of this partnership, and we’re enthusiastic about what this implies for the way forward for digital remittances within the Center East.”
The partnership extension comes lower than a few months after MoneyGram introduced it has expanded real-time digital P2P funds with Visa instantly by means of its new collaboration with Checkout.com. MoneyGram revealed on the time that its prospects could now use its web site or main cellular app to ship cash in close to real-time to Visa debit card holders throughout 575 corridors from 25 international locations in Europe.
MoneyGram describes itself as a world supplier of modern cash switch providers and is acknowledged worldwide as a monetary connection to family and friends. The corporate gives person-to-person cash switch and fee providers in additional than 200 international locations and territories by means of a world community of roughly 350,000 places, working with retailers, worldwide submit workplaces, and banks.