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‘walletii by Ooredoo,’ a new state-of-the-art fintech solution, has officially made its debut in Oman at the 33rd edition of the COMEX Global Technology Show. This launch marks a significant milestone in Ooredoo’s strategy to extend the successful Ooredoo Money platform from Qatar to the broader MENA region.

Commenting on the launch, Aziz Aluthman Fakhroo, Group CEO, Ooredoo, said, “We thank the Central Bank of Oman for awarding us with the license to operate ‘walletii.’ This endorsement allows us to contribute significantly to the fintech sector in Oman. Our goal is to provide consumers with an easy, secure, and cost-effective financial tool that upgrades their everyday lives.”

Telecom Review Exclusive Feature: Fintech in Oman: Pioneering Progress in Financial Inclusion and Innovation

First Mobile Money App with Remittance Marketplace

Unveiled by Ooredoo Fintech (OFTI)—a wholly-owned subsidiary of Ooredoo Group, and Ooredoo Oman—‘walletii’ translates to "my wallet" in Arabic, reflecting its purpose as a user-friendly mobile wallet designed to upgrade and simplify financial transactions for consumers and merchants.

For the first time in Oman, ‘walletii’ will be the inaugural mobile money app offering a remittance marketplace, enabling users to choose from multiple providers to secure the best rate for their transactions.

Scheduled to launch later this summer in Oman, the ‘walletii’ app will enable users (regardless of whether they are Ooredoo customers) to make payments and send or receive money both domestically and internationally, while earning rewards easily and securely.

The app will also feature chat-like payments for a more intuitive and seamless user experience. Additionally, ‘walletii’ users will be rewarded for their everyday transactions through an integrated loyalty program, enhancing customer engagement and satisfaction.

Ooredoo Fintech: A Market Leader

Mirko Giacco, CEO of Ooredoo Fintech, expressed his enthusiasm regarding the new venture, stating that, “walletii by Ooredoo was designed to deliver superior usability and exceptional customer experience, upgrading how people manage their finances in Oman. By offering a seamless and secure digital wallet experience, we aim to empower consumers and businesses alike, driving financial inclusion and innovation across the region.”

The establishment of Ooredoo Fintech as a wholly-owned fintech holding company highlights a strategic move by Ooredoo Group, which continues to solidify its position as the leading digital infrastructure provider operating in core telecom services, data centers, and fintech.

Ooredoo Fintech aims to financially empower people and businesses across the MENA region. Notably, Oman leads as the inaugural market for this exciting new fintech brand.

Read More: Ooredoo Group's Q1 Success: Revenue Up 4%, Net Profit Soars 26%

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