Vodafone Qatar begins mobile remittances
Customers can transfer money directly to the Philippines from their mobile phones
Vodafone Qatar has launched an international money remittance service which operates directly from customers' mobile phones. At the moment, the service only operates between Qatar and the Philippines, but Vodafone plans to expand to include the rest of Asia, Africa and the Middle East.
The service, called Vodafone Money Transfer, is designed to enable the over one million expatriates in the country to send money home to their families and friends in the Philippines.
"We are thrilled to be launching this groundbreaking service that will change the way people send money abroad and make a world of difference to so many people's lives," said John Tombleson, Vodafone acting CEO.
The initiative, in partnership with Doha Bank and Globe Telecom, Vodafone Money Transfer is designed to enable customers to instantly make mobile-to-mobile money transfers from Qatar to the Philippines.
Money can be sent from Vodafone handsets to any GCASH enabled mobile in Philippines, or to a bank account or for collection at a GCASH Remit outlet.
All GCASH and Vodafone transactions are secured with a PIN and both the sender and recipient are notified of the transaction via SMS.
"Vodafone has led mobile money services in Africa and across the world, with more than 20 million people using Vodafone to transfer money locally and internationally. Our ability to leverage the experience, best practices and people from across the Vodafone Group has been instrumental in being able to take this next step with international transfers from here in Qatar," said senior product manager, Markus Bikker.
According to Vodafone, current remittance services are rather costly at around $5.49, whereas with their new service, remittances will cost $3.30
"Now more of people's hard-earned money gets to where it's needed with Vodafone Money Transfer," added Bikker.
Customers must register for a Vodafone Money Transfer account from Vodafone Qatar and money can then be loaded onto their phone at any Vodafone store or Doha Bank e-branch for remittance.