Unveiled by Ooredoo FinTech, OFTI, a wholly owned subsidiary of Ooredoo Group and Ooredoo Oman, walletii translates to my wallet in Arabic, reflecting its purpose as a user-friendly mobile wallet designed to upgrade and simplify financial transactions for consumers and merchants.
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. The app will also feature chat-like payments for a more intuitive and seamless user experience.
Aziz Aluthman Fakhroo, Group CEO, Ooredoo, commented on the launch: “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.”
This launch marks a significant milestone in Ooredoo’s strategy to extend the successful Ooredoo Money platform from Qatar to the broader MENA region.
Mirko Giacco, CEO of Ooredoo FinTech, expressed his enthusiasm about the new venture: “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.”
The establishment of Ooredoo FinTech as a wholly owned FinTech holding company is a strategic move by Ooredoo Group to strengthen its position as the digital infrastructure provider, operating in core telecom services, data centres and FinTech. The objective of Ooredoo FinTech is to financially empower people and businesses across the MENA region. Oman leads as the inaugural market for this exciting new FinTech brand.