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Mobile money goes live in Iraq with ‘Zain Cash’ DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Mobile money goes live in Iraq with ‘Zain Cash’

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Mobile money goes live in Iraq with ‘Zain Cash’ Empty Mobile money goes live in Iraq with ‘Zain Cash’

Post by Ponee Wed Feb 24, 2016 11:25 pm

Mobile money goes live in Iraq with ‘Zain Cash’ Zain-Cash
Mobile money goes live in Iraq with ‘Zain Cash’
February 23, 2016 
 

eServGlobal is pleased to announce the commercial launch of mobile money services with Zain Iraq. The service was soft-launched in January and has already attracted strong interest.

The service is called ‘Zain Cash’ and is offered by Iraq Wallet, which is an authorised company from the Central Bank of Iraq (CBI).

Through Zain Cash, customers can have a mobile wallet linked to their SIM card, enabling customers to make financial transactions easily and at any time (Cash-In/ Cash-out, transfer money from wallet to another, recharge for prepaid account & bill payment for postpaid account).
Scott Gegenheimer, CEO, Zain Group, said, “We are embracing the opportunity to launch new services that improve the livelihoods of the communities we serve, and through eServGlobal’s solution, we will be able to offer life-enhancing mobile services and cement our position as a market leader in the mobile-money arena across our region.”

John Conoley, Exective Chairman, eServGlobal, said, “We are proud to be working with this innovation Operator Group as they roll out market-leading solutions across rapidly evolving markets. We look forward to continued collaboration with the Zain Group to launch mobile financial services across their operations.”

eServGlobal has a framework agreement with the Zain Group to provide an end-to-end mobile money and EVD (electronic voucher distribution for prepaid rechage) solutions across Zain Group’s operations.

Mobile money, mobile financial services, mobile recharge and distribution are key elements in the Zain Group strategy. Through innovative product design and marketing strategies, Zain aims to maximise the benefit of mobile money, electronic recharge and distribution, giving customers new alternatives to financial transactions and account recharge. Zain Group coverage extends to more than 45.6 million customers spanning Kuwait, Bahrain, Iraq, Jordan, Lebanon, Saudi Arabia, South Sudan and Sudan. Notably, in several of Zain’s markets, over 90% of the population does not have access to banking facilities.
Zain’s mobile commerce services have a transformational effect on unbanked populations as they open financial systems to formally excluded population segments. This kind of change is crucial in emerging markets where financial inclusion is key to economic development.




Last edited by Ponee on Thu Feb 25, 2016 11:12 am; edited 1 time in total

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Mobile money goes live in Iraq with ‘Zain Cash’ Empty Re: Mobile money goes live in Iraq with ‘Zain Cash’

Post by Ponee Thu Feb 25, 2016 11:12 am

Call for the adoption of communications technology to maximize financial resources

 

Mobile money goes live in Iraq with ‘Zain Cash’ 4124     Mobile money goes live in Iraq with ‘Zain Cash’ Separator
 
At the time initiate global communications companies to the convergence between IT and telecom sectors information is renewed calls to expand its investment in the financial resources of Iraq.


The student member of the Baghdad Economic Forum Jaafar Yassin working on bringing their global technology to maximize Alaguetsidih imports by building bridges of cooperation in this field with specialized international companies wishing to work in Iraq.


He pointed out a lot of specialized international companies are able to work in Iraq and can employ technology in the national telecommunications company achieved significant economic feasibility of Iraq, especially after the rise in the number of subscribers and higher demand for telecommunications services, noting that Eriksson International Telecom confirms the possibility of working in most of the Middle regions East.


She supervisory Ibrahim, head of Ericsson Middle East, that the decline in mobile phones, costs, and benefits of use of undeveloped, coverage increased to networks, are all influential in transforming mobile communications technology to the global phenomenon of factors it will soon become available for the overwhelming majority of the world population and the Middle East in particular.


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