Asiacell & AMWAL sign mobile banking agreement
www.WirelessFederation.com/news: AMWAL, a consortium of Iraqi banks and Asiacell, Iraq’s second largest mobile operator by subscribers has formed a strategic partnership for the provision of a mobile banking service in the country.
Asiacell’s pre-paid customers will now be able to have an account with any of AMWAL’s member banks to use their mobile phone for a variety of financial transactions, including the transfer of money to other accounts and checking of bank balances.
According to Dr Diar Ahmed, CEO of Asiacell, this innovative mobile financial solution will enable Asiacell’s subscribers to enjoy convenient, secure and easy-to-use mobile banking services that are available 24/7 and all year around and the combined efforts of the two companies will act as major leap in developing Iraq’s technological capacity.
Asiacell teams up with Amwal on m-banking (Iraq)
www.WirelessFederation.com/news: Asiacell has signed a deal with Amwal, a consortium of the country’s private banks, with an aim to let subscribers manage their finances through mobile phones. As per the deal, Asiacell subscribers and the consortium’s clients will be able to use their handsets to make interbank transfers, settle bills, make purchases on Visa and MasterCard cards, check account balances and transfer funds. With this service, the subscribers will also be able to purchase credit for their mobile phones.
Diar Ahmed, CEO, Asiacell, said, “We understand the significance of creating greater integration between all economic sectors in Iraq, and look forward to seeing greater engagement from the Iraqi people in regulated financial services that allow them to settle all of their banking needs by utilizing this modern technology.”
