There is undeniable fear that many of us face every time we do a mobile-based transaction; many of us aren't easy with the idea because we don't know much about it!
We question how secure is it? Is my information saved in the system? How does it work? Is the mobile online payment/mobile transfer a real time process? Who has access to my information? All of these questions and more prevent us from having an easy breezy mobile payment services, such as Ooredoo Mobile Money
Therefore, I’m writing this blog with the hope that it would answer some of your burning questions!
Let us take it one step at a time, starting with Ooredoo Mobile Money’s background.
It’s the only service of its kind in Qatar. And since it is a financial service, Qatar Central Bank regulates it. The service comes to you with a partnership with MoneyGram and Qatar National Bank (QNB). However, you don’t have to have a QNB account to use mobile money service. Having that in mind, Mobile Money follows the same regulation that QNB has, for example, if sending money to hot zone areas aren’t supported by QNB, it would not be supported by Mobile Money as well. And also the customer deposits are kept safely in a master account in QNB.
So what is Mobile Money?
Ooredoo Mobile Money (OMM) is a mobile wallet service that allows you to register for a “Mobile Wallet or Account” so that you can deposit, withdraw, pay and send money in Qatar or abroad instantly through your phone. With partnership between Mobile Money and MoneyGram, you can send money to over 200 countries, which is considered to be the most successful use case so far. Besides you can also do you day to day chore of toping up hala account, pay shahry bill etc. directly from your mobile wallet..
What do you need to be able to use Mobile Money?
Simply, an Ooredoo mobile phone only! Again, you don’t need to have bank account. You must be the owner of your Ooredoo connection i.e. your SIM must be registered under your own QID.
How do you use it?
You need to have Mobile Money Wallet that you deposit money at, and then send it to wherever you want!
What is Mobile Money Wallet?
Mobile Money Wallet is a virtual account tied to your Mobile number that allows you to deposit, access or withdraw money using your Ooredoo mobile phone. Money is stored safely with QNB and is always visible to you through your mobile phone.
What are the types of Wallets that you could have?
There are two types. Mini Wallet that has a per transaction cap of money transfer of 1,000 QR
And Full Wallet with a cap of 4,000 QR.
How do you “cash in” money to your wallet? (Put money in your account)?
There is three ways to do so: by Ooredoo self-service machine (SSM), Ooredoo Shop, or Direct transfer from any QNB Bank Account using “QNB Mobile Payment service.”
After you finish your transaction (done with sending your money to the other end) how can they withdraw it?
After your successfully completed the international transfers transaction you will receive 8-digit “Reference Number” through SMS.
You need to share this reference number with the beneficiary so that the receiver can withdraw cash from any shop/place (known as MoneyGram agent locations) that has the sign of MoneyGram. Think of it as a supermarket that has Ooredoo sign at the door as an indicator that this place can provide you with scratch cards or so.
As for the process, it is instant! The receiver could have the money within few minutes.
Few important things to keep in mind:
Visit Ooredoo’s website for more information and illustration on Ooredoo Mobile Money and everything you can do with it!
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