Umniah to start 'Mobile Money Transfer' service
Amman, February 7, 2010
Umniah, the fastest growing telecom service provider in Jordan, is set to launch its new 'Mobile Money Transfer Service' across the Kingdom in co-operation with leading local bank partner Eskadenia Software.
Through this pioneering service, Umniah will utilize cutting edge technology to allow all Umniah subscribers to use their mobile handsets as portable wallet accounts to transfer money to local and international destinations, Umniah said in a statement.
The service will also enable mobile and Internet subscribers to pay their monthly subscription fees; and prepaid subscribers to recharge their lines.
"Through this unique service, Umniah will also present its subscribers at a later stage with the option of paying their utility bills, such as their water and electricity bills, as well as pay their shopping expenditures by directly making payments via their mobile handsets while shopping, said Ihab Hinnawi, Umniah’s CEO.
"We are very pleased with this step, which reflects our interest in continuously developing our range of services and our dedication to ensuring that our services help make life easier for Jordan’s citizens."
"This technological advancement reflects the developments taking place within the Jordanian economy at various levels, as we have been witnessing the introduction of modern services and facilities within the Kingdom that are designed to encourage productivity and competitiveness and support the efforts being exerted towards following the latest global market developments," he added.
He said the combined capabilities and expertise of both Umniah and Eskadenia Software will enable us to provide this service in accordance with the highest quality standards.
Duha Abdul Khaleq, CEO of Eskadenia Software, said, “We take great pride in partnering with Umniah to launch this innovative service; this step coincides with our vision of providing technologically advanced products and services to the Jordanian market."
"We aim through our services to continuously remain abreast of global developments and advancements in our field and staying attuned to the needs of the local market in order to design effective software that caters to these needs.
"We are confident that this service will yield tangible benefits to both sectors and individuals, particularly Umniah’s subscribers, once they begin to utilize it to complete many of their financial transactions with ease and in a timely manner," she added.-TradeArabia News Service
More Finance & Capital Market Stories
- Islamic Development Bank triples capital
- Emirates NBD launches $1bn bond
- Kuwait budget surplus may hit $52 billion
- Peru road shows target Mideast markets
- EFG Hermes Q1 net profit up 27pc
- ADCB sells $300m of subordinated bonds
- Standard Chartered’s credit card wins award
- Emirates NBD seals Dubai tower deal
- Dar Al Arkan raises $450m from sukuk sale
- Barclays advises on equities over bonds