Ooredoo Fintech Announces Zero-Fee International Money Transfers via mFaisaa to Support Communities Affected by Cyclone

Muscat, Oman – Ooredoo Fintech today announced that walletii by Ooredoo has been awarded Oman’s Most Trusted Brand 2025 in the Fintech category, as part of the annual awards organized by Apex Media.
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Voted for by the public, the award reflects strong customer trust in walletii by Ooredoo as a reliable, everyday digital financial solution. The recognition coincides with the introduction of the Fintech category for the first time, underscoring the growing adoption of digital financial services in Oman and positioning walletii as a key contributor to the country’s accelerating digital transformation.

Launched officially in Oman in December 2024, walletii by Ooredoo has quickly established itself as a trusted digital wallet, offering customers a simple and secure way to manage everyday financial needs. Through the app, users can conveniently pay bills, transfer money, and make merchant payments, supporting a more efficient and cashless way of living.

Being recognised as Oman’s Most Trusted Fintech Brand highlights walletii’s focus on customer-centric innovation, reliability, and secure digital payments, while reinforcing its role in supporting financial inclusion and modern financial access in the Sultanate.

Once customers cash-in to their mFaisaa wallet, they can enter the recipient’s details and complete the transfer digitally, with instant confirmation and complete transparency on delivery status.

Mirko Giacco, CEO of Ooredoo Fintech, said:

“This recognition reflects the trust customers have placed in walletii in a very short time. Oman was the first market where we launched the walletii brand, and we look forward to taking this success to the wider region. Our focus remains on delivering secure, simple, and practical financial services that support everyday use for consumers and businesses alike.”

The award underscores Ooredoo Fintech’s commitment to building trusted, regulated, and accessible digital financial services across its operating markets, with walletii by Ooredoo positioned as a key enabler of modern, customer-first financial experiences.

To experience seamless international money transfers to more than 200 countries at competitive rates, and everyday digital financial services, customers can download the walletii by Ooredoo app, available on iOS and Android. For more information, please visit www.walletii.om.

About Ooredoo Fintech 

Ooredoo Financial Technology International, a wholly owned subsidiary of Ooredoo Group, was established to create an integrated fintech marketplace for the MENA region. With innovative fintech solutions already live in Qatar, Maldives, and Oman. Ooredoo Fintech continues on it’s journey to financially empower regional consumers and businesses. For information visit https://www.ofti.app/ 

DOHA, Qatar – Ooredoo Fintech and PayPal today announced a new strategic partnership that enables their Ooredoo Money users in Qatar to seamlessly transfer funds between their wallets and PayPal accounts, and access PayPal’s global commerce capabilities. This collaboration marks the first time that global payments leader PayPal has partnered with a mobile money fintech in the Gulf region.
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Through this partnership, Ooredoo Money’s consumers and small businesses in Qatar gain seamless access to global markets. Consumers can shop directly with PayPal’s worldwide network of merchants and enjoy the flexibility to transfer funds between their PayPal and Ooredoo Money wallets. Small businesses can efficiently reach new international customers, enhancing their global reach.

“Our vision is to make sending money between cross-border digital wallets as easy as possible, removing unnecessary friction and delays,” says Otto Williams, PayPal’s Regional Head and General Manager for the Middle East, Africa and CIS. “Our partnership with Ooredoo Fintech will help us expand access to PayPal’s global network, connecting Qatar consumers with millions of merchants around the world who accept PayPal. We are excited to launch our joint services with Ooredoo Money in Qatar early next year.”

“Ooredoo Fintech’s collaboration with PayPal opens global marketplaces to Qatar consumers and businesses, helping to advance Qatar’s role as a leading hub for digital innovation,” said Sheikh Ali Bin Jabor Al Thani, Chairman of Ooredoo Financial Services and Chief Executive Officer of Ooredoo Qatar. “This partnership will drive the next phase of Qatar’s digital transformation, providing greater convenience and new opportunities for cross-border transactions in line with Qatar’s National Vision 2030."

“Ooredoo Fintech’s collaboration with PayPal opens global marketplaces to Qatar consumers and businesses, helping to advance Qatar’s role as a leading hub for digital innovation,” said Sheikh Ali Bin Jabor Al Thani, Chairman of Ooredoo Financial Services and Chief Executive Officer of Ooredoo Qatar. “This partnership will drive the next phase of Qatar’s digital transformation, providing greater convenience and new opportunities for cross-border transactions in line with Qatar’s National Vision 2030."

This partnership represents a key milestone for both Ooredoo Fintech and PayPal. Aiming to enhance cross-border commerce with an initial launch in Qatar, the partners plan to expand these services across the region, empowering more consumers and businesses with advanced financial capabilities and global connectivity.

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com, and https://investor.pypl.com.

About Ooredoo Fintech 

Ooredoo Financial Technology International, a wholly owned subsidiary of Ooredoo Group, was established to create an integrated fintech marketplace for the MENA region. With innovative fintech solutions already live in Qatar, Maldives, and Oman. Ooredoo Fintech continues on it’s journey to financially empower regional consumers and businesses. For information visit https://www.ofti.app/ 

About Ooredoo 

Ooredoo is an international communications company operating across the Middle East, North Africa, and Southeast Asia. Serving consumers and businesses in 10 countries, Ooredoo delivers leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.

Ooredoo generated revenues of QAR 23 billion as of 31 December 2023. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

Doha, Qatar – Ooredoo Fintech has made an extraordinary mark at the 2025 Middle East & North Africa Stevie® Awards, taking home an impressive eight awards, including five Gold and three Bronze. This monumental win across multiple categories highlights Ooredoo Fintech’s groundbreaking achievements in leveraging technology to redefine digital financial solutions across the MENA region.
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The Stevie® Awards, widely regarded as one of the most prestigious global business honors, recognize outstanding innovation and achievement. This year, Ooredoo Fintech was celebrated for its exceptional contributions in revolutionizing digital finance and creating transformative solutions that have had a lasting impact across the region.

The Middle East & North Africa Stevie® Awards, which are sponsored by the RAK Chamber of Commerce and Industry, acknowledge excellence in innovation across 18 nations. More than 1,100 nominations were considered across various categories, including Innovation in Products & Services, Management, Corporate Websites, and more.

Ooredoo Fintech’s five Gold Stevie® Awards include:

• Ooredoo Money’s E-KYC Service – Awarded for the Innovative Use of Technology in Customer Service within the Financial Services Industry. 
• Bridging Borders: The Story of Ooredoo Fintech’s Remittance Platform – Awarded for Excellence in Innovation in Financial Industries for organizations with up to 500 employees. 
• Unlocking Success: Walletii's Data-Driven Launch Strategy in Oman – Awarded for Innovation in Paid Media Planning & Management. 
• Build Once, Deploy Everywhere – Awarded for Innovation in Technology Development within the Financial Services Industry. 
• Product Thinking and Domain Squads – Awarded for Innovation in Technology Management, Planning & Implementation within the Financial Services Industry. 

In addition to the Gold awards, Ooredoo Fintech also earned three Bronze Stevie® Awards for:

• Empowering Businesses and Employees: The Success Story of Ooredoo Fintech’s Payroll Accounts – Awarded for Innovation in Business-to-Business Products. 
• Ooredoo Fintech: Redefining Digital Finance in Qatar – Awarded for Innovation in Consumer Products & Services. 
• Walletii: Connecting Real Users and AI to Build a Brand – Awarded for Innovation in Brand Development.

“We are beyond thrilled to see our relentless dedication to innovation and our drive to transform the fintech landscape recognized at this prestigious level. This remarkable achievement is just the beginning of our journey to become the leaders in digital finance across the MENA region,” said Mirko Giacco, CEO of Ooredoo Fintech. “These awards underscore our team’s tireless commitment to empowering individuals and businesses with smarter, faster, and more accessible financial solutions.”

About Ooredoo Fintech 

Ooredoo Financial Technology International, a wholly owned subsidiary of Ooredoo Group, was established to create an integrated fintech marketplace for the MENA region. With innovative fintech solutions already live in Qatar, Maldives, and Oman. Ooredoo Fintech continues on it’s journey to financially empower regional consumers and businesses. For information visit https://www.ofti.app/ 

About the Stevie® Awards

The Stevie Awards are conferred in multiple programs, including The American Business Awards®, Asia-Pacific Stevie Awards, German Stevie Awards, Middle East & North Africa Stevie Awards, International Business Awards®, and more. Each year, over 12,000 entries are submitted, recognizing outstanding business achievements globally. Learn more at www.StevieAwards.com.