EastNets compliance and payments solutions and services recently signed an agreement with the Qtel Group to provide the technology platform and expertise to support the regional and global rollout of the Qtel Group’s mobile money services across key markets, enabling international remittance globally. EastNets will provide the full infrastructure needed to host Qtel’s “mobile wallet” service, running the entire operation of the hosted services through a primary site in Dubai and a Disaster Recovery (DR) site in Bahrain. Mobile Network Operators (MNOs) will connect to the primary and DR sites through a secure VPN Connection. Qtel’s mobile wallet service allows customers to use their mobile phone accounts to send money, top up their credit, make payments and transfer airtime to friends and relatives. EastNets will also deliver compliance and anti-money laundering (AML) solutions to the Qtel Group through the en.SafeWatch Profiling as a Service (PaaS).
The Qtel Group launched its Mobile Money service “mobile wallet” (mWallet) solution. This lets users transfer money in Qatar and overseas through the mWallet. The Qtel Mobile Money service opens up a huge range of possibilities for customers and is as easy to use as a mobile phone. Customers will also be able to use their mobile phone accounts to save and send money, top up their credit, make payments and transfer airtime to friends, relatives, employees and partners.
EastNets compliance and payment solutions has obtained the SWIFTReady workers remittance conformance label for 2011. en.MoRe is the first application in the workers’ remittances program offering a mobile remittance functionality where it demonstrated a real time remittance between a Telco operator and a receiving bank . A partnership agreement was signed earlier this year with BICS (Belgacom International Carrier Services) to provide mobile money transfer services to millions of migrant workers worldwide. BICS operates an international network, with over 550 direct connections, including more than 250 routes to mobile operators, in more than 170 countries.
EastNets compliance and payments solutions has unveiled its “en.MoRe” m-remittance solution in Amsterdam. The mobile remittance solution allows consumers to use their m-phone to initiate convenient money transfers. EastNets plans to expand the market coverage of “en.MoRe” starting with a many-to-many network between mobile network operators in 10 sending countries and banks in 15 receiving countries in the coming months. The service will be offered in key markets such as Pakistan, India, the Philippines and the Middle East to help m-network operators and banks target the estimated 200 million migrant workers around the globe who send money to friends and families on a regular basis.