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August 7, 2014updated 04 Apr 2017 4:06pm

Ooredoo partners with MoneyGram to offer mobile money services in Sri Lanka

Qatar-based telecom firm Ooredoo has teamed up with global payment processor MoneyGram to provide mobile money transfer services in Sri Lanka.

By Verdict Staff

Qatar-based telecom firm Ooredoo has teamed up with global payment processor MoneyGram to provide mobile money transfer services in Sri Lanka.

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Dubbed as Ooredoo Mobile Money, the service will enable customers to register for free and send money directly to accounts in 28 banks in Sri Lanka.

Additionally, they can also send money to more than 1,500 MoneyGram agent locations across the country, leveraging one of the best exchange rates and competitive fee in Qatar.

For global; transfers, users will have to provide beneficiary details only once, including account number, name and bank, and other details to start transferring money directly from their mobile to a country of choice.

As soon as the funds are sent to the recipient, the user will receive an eight digit MoneyGram code to be redeemed at supporting locations.

The recipient of the funds need to carry a valid photo ID card to receive the cash, while bank transfers are automatically credited to the recipients’ account.

Leveraging Ooredoo Mobile Money, customers can transfer money to over 339,000 MoneyGram agents in 200 nations, including the Philippines, India, Nepal, Bangladesh, Sri Lanka, Egypt, Lebanon, Jordan, Tunisia, Kenya, Cameroon, Ghana, and Nigeria, among others.

 

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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