Ooredoo Money and Mashreq Qatar Collaborate to Enhance Payroll Services for Corporate Customers in Qatar

Doha, Qatar

Ooredoo Fintech has announced a strategic collaboration with Mashreq, one of the leading financial institutions in the MENA region, to introduce innovative solutions and offer seamless Wages Protection System (WPS) salary payment services to the bank’s corporate customers in Qatar. This new partnership aims to offer businesses with an efficient and secure payroll solution while ensuring compliance with Qatar Central Bank (QCB) regulations.

The collaboration is designed to enhance the payroll offering for Mashreq’s corporate clients, introducing a streamlined method for salary disbursements. Through Ooredoo Money’s platform, businesses will be able to process employee salaries securely and efficiently, benefiting from the innovative financial technology that Ooredoo Money has developed.

Key goals of the collaboration:

• Offer WPS Salary Payment Services and cutting-edge solutions
  
  The partnership will allow Mashreq’s corporate customers to process employee salaries directly through Ooredoo Money, offering an easy-to-use, secure solution. This initiative ensures compliance with the QCB’s regulations on salary disbursements and promotes financial transparency within businesses.
• Future Collaboration Opportunities
  
  Beyond the WPS salary payment services, both companies have expressed interest in exploring further collaborative efforts to provide additional financial products. This could include expanding the range of services for both businesses and their employees, continuing to promote financial inclusion and innovation across Qatar.

“This collaboration represents a significant step forward in offering businesses in Qatar a simple, secure, and compliant solution for managing employee salaries,” said Mirko Giacco, Group CEO of Ooredoo Fintech. “We are committed to supporting Qatar’s growing digital economy, and by teaming up with Mashreq Bank, we are making it easier for companies to provide timely and efficient salary payments to their employees.”

“We are pleased to partner Ooredoo Money to bring enhanced payroll solutions to our corporate clients. Ooredoo Money and Mashreq have synergy as both of us rely and want to further develop digital solutions in Qatar. I am sure this collaboration will be beneficial for both Mashreq and Ooredoo Money clients.” Said Salman Gulzar, Country Head of Mashreq Qatar.

The partnership between Ooredoo Money and Mashreq aligns with Qatar’s vision for financial innovation and economic diversification. It aims to deliver more accessible and efficient financial services, helping businesses focus on growth while ensuring their operations remain compliant with regulatory standards.