NEWS
Ooredoo Fintech launches walletii fintech solution in Oman
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 .
Scheduled to launch later this summer in Oman , the walletii app will enable users , regardless of whether they are Ooredoo customers , to make payments , send and 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 .
Aziz Aluthman Fakhroo , Group CEO , Ooredoo , commented on the launch : “ 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 .”
This launch marks a significant milestone in Ooredoo ’ s strategy to extend the successful Ooredoo Money platform from Qatar to the broader MENA region .
Mirko Giacco , CEO of Ooredoo Fintech , expressed his enthusiasm about the new venture : “ 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 is a strategic move by Ooredoo Group to strengthen its position as the digital infrastructure provider , operating in core telecom services , data centres and Fintech .
The objective of Ooredoo Fintech is to financially empower people and businesses across the MENA region . Oman leads as the inaugural market for this exciting new fintech brand .
Ericsson signs MoU with Vodafone for enhancing ICT skills among Omani youth
Ericsson signed a Memorandum of Understanding with Vodafone to explore opportunities for collaboration on corporate social responsibility initiatives in Oman on key Information and Communications Technology educational initiatives . The joint efforts are aligned with the national and global sustainable development goals and supports efforts to realize Oman Vision 2040 . The agreement will focus on leveraging Ericsson ’ s Connect To Learn programme to enhance digital skills development , including programs designed to develop and attract Omani youth and talent into the ICT industry . like Ericsson Educate , and access different learning experiences through Ericsson ’ s extensive portfolio of educational programmes .
Ericsson has enjoyed successful collaboration with Vodafone Oman as its core network supplier since the launch of the CSP ’ s trial operations in the country in 2021 . The two companies are working together to deliver a state-of-the-art 5G standalone network while enhancing Vodafone ’ s radio access network and transport capabilities , in addition to developing a cloud-native 5G infrastructure and microservices architecture .
The two companies will also look at different areas that the Omani youth can benefit from Ericsson global educational initiatives ,
Fahad Al Busaidi , Chief Corporate Affairs at Vodafone Oman , says , “ Our partnership with Ericsson will have a significant beneficial impact by equipping the youth with the knowledge and skills to accelerate the nation ’ s digital transformation journey in line with Oman Vision 2040 .”
Abdullah Al Balushi , Country General Manager of Ericsson Oman at Ericsson Middle East and Africa , says : “ Our partnership with Vodafone Oman is driven by our shared commitment to fostering local tech talent , empowering the new generation , and enhancing competitiveness and employability in the rapidly evolving Information and Communications Technology job market . Together , we will provide relevant learning content to build a digitally savvy future workforce in Oman in line with Oman Vision 2040 .”
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