Ooredoo Fintech International (OFTI), a subsidiary of Ooredoo Group, launched walletii, a new state-of-the-art financial technology (Fintech) solution.
The ‘walletii by Ooredoo’ made its debut in Oman at the 33rd edition of the COMEX Global Technology Show. ‘walletii’ will be the first mobile money app to offer a remittance marketplace, enabling users to choose from multiple providers to secure the best rate for their transactions.
The establishment of Ooredoo Fintech as a wholly owned fintech holding company is a strategic move by Ooredoo Group to solidify its position as the leading digital infrastructure provider, operating in core telecom services, data centers, and Fintech.
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.
Aziz Aluthman Fakhroo MD & CEO Ooredoo Group
“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.”
The app will also feature chat-like payments for a more intuitive and seamless user experience. Additionally, ‘walletii’ users will be rewarded for their everyday transactions through an integrated loyalty program, enhancing customer engagement and satisfaction.
Mirko Giacco, CEO of Ooredoo Fintech, expressed his enthusiasm about the new venture, stating that, “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.”
