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Mobile money goes live in Iraq with ‘Zain Cash’

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therealbubbie

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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.

eServGlobal is showcasing their mobile money solutions at the Mobile World Congress in Barcelona, 22 – 25 February. eServGlobal will be hosting a live demonstration on its stand located at Hall 7 Stand i61.
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tlm724

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[therealbubbie] This kind of change is crucial in emerging markets where financial inclusion is key to economic development.

[tlm724]  therealbubbie thats nice Very Happy crucial in emerging markets !!

here's some info about Iraq Wallet:


About Iraq Wallet and Zain Cash Service
Iraq Wallet offers financial services that change onward the way you perform your financial transactions. Join us today to enjoy a flawless service of financial transactions designed to make your life simple.

Iraq Wallet was established in 2014 in parternship with Zain Iraq, the number one mobile telecommunication in Iraq. It is the largest e-banking service provider in Iraq, offering the Iraqi customer the easiest and most convenient access to financial services across the country.

Zain Cash Service is an innovative mobile money product operated by Iraq Wallet, in partnership with Zain Iraq, and is regulated by the Central Bank of Iraq (CBI).

Zain Cash Service is an electronic wallet (e-money) account that provides customers with means of converting cash money into electronic money. This allows and largely simplifies transactions such as transfers, top-ups, bill payments and cash flows (cash in, cash out). All these transactions can now be conducted at your convenience directly from your mobile, be it a smartphone or a regular mobile, at an appointed Iraq Wallet Agent.

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lightingcslt

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do i get a hint of a lil excitement out of the lil bubbie? lol

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