Zain Bahrain will enable its subcribers to carry out financial transactions using their mobile phones. The Zain Wallet service, the first in the Middle East, will soon be announced formally, allowing people to transfer funds to the Philippines and later will be available for India, Pakistan and Sri Lanka.
“We have tied up with Nonoo Exchange and Bank Muscat International to offer this revolutionary facility, which in time could be used to make purchases across supermarkets and pay for services,” says company special projects marketing manager Bashar Alami.
“Zain Bahrain has received approvals from the Central bank of Bahrain and we are working closely with Nonoo Excnange. Zain users will have to open an account at any branch of Nonoo Exchange or a Zain Experience Shop and will be given a special Zain Wallet PIN number. That number will act as a virtual bank account where users can deposit money at any time, much like they do in a regular bank.”
He also added that the tranferred funds will be beneficial as user will only have to “press a few buttons on his mobile and the money is transferred automatically to the beneficiary’s account anywhere in the world. It’s as simple as that and can be used on even the ‘lowest end’ mobiles available in the market,” said Mr Alami.
Zain Wallet will readily be available at a minimum BD1 deposit and is easily accessible even to people who are unable to operate bank accounts and also enables them to swap their mobile SIM cards free of charge at any of Zain’s outlets.
“In the future, users will have an option to pay at supermarkets, order things over the Internet and even pay their services bills,” he said.
It also allows users to deposit money in the Wallet at any time and transfer their salary to it.
Wireless Federation » archive for 'Mobile Money Transaction'
Zain Bahrain soon to launch Zain Wallet Service with minimum BD1 deposit
- November 4th, 2008
- 6:31 am
