Ooredoo and Huawei officials sing the agreement.
Doha: Ooredoo Group has signed a partnership agreement with Huawei to leverage their Mobile Fintech platform to provide Fintech services in markets across the company’s footprint. Ooredoo has already a strong position in Fintech in Qatar that represents a 35 percent market share of the overall mobile money transaction value in the MENA region, based on a 2022 GSMA study for the MENA market.
Under the agreement, the two entities will cooperate for Ooredoo to provide state-of the art, mobile-first financial services on Huawei’s platform for both consumers and merchants in Ooredoo’s markets.
The cooperation agreement was signed at Mobile World Congress 2023, the world’s biggest and most influential connectivity event that took place from 27 February – 2 March 2023 at the Fira Gran Via, Barcelona.
Aziz Aluthman Fakhroo, Managing Director and Group CEO at Ooredoo Group, 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.”
