Western Union, Orascom Telecom to provide mobile money transfer services

Orascom Telecom, a leading mobile carrier that operates in the Middle East, Africa and Asia, has partnered with Western Union in order to offer mobile remittance services in select countries.  

Helped by Western Union’s mobile money transfer services, Orascom Telecom will allow its customers to benefit from more convenient ways of sending money everyday.

The carrier will use a mobile wallet software that enables quick money transfers, from and to a mobile phone, via the Western Union global remittance network.  

 

Orascom Telecom currently serves about 77 million customers and operates in the following countries:  

  • Egypt (as Mobinil)
  • Algeria (as Djezzy)
  • Tunisia (as Tunisiana)
  • Pakistan (as Mobilink)
  • Bangladesh (as Banglalink)
  • and Zimbabwe (as Telecel Zimbabwe)

Some of the markets where Orascom is present are among the ones that receive the highest number of remittances in the world. The World Bank states that Bangladesh received, in 2007, no less than $6.6 billion in remittances, while Pakistan and Egypt received $6.1 billion and $5.9 billion respectively.  

“Orascom Telecom mobile networks are in areas with high populations of people who have limited access to financial services. We believe this alliance, supported by our current mobile subscribers throughout the Middle East, Africa and South Asia, presents an effortless method to bring financial services to many of the world’s families for the first time,” commented Naguib Sawiris, Chairman and CEO at Orascom Telecom.

The two companies, Western Union and Orascom Telecom, have not announced yet when exactly the mobile transfer services will be available.  

Via Western Union

Author: Ilinca Nita

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