Enabling Qtel Customers to Easily and Safely Transfer Funds and Make Payments via Mobile Devices
DUBAI, UAE - Mobile Money Connected World Forum: Sybase 365, a subsidiary of Sybase, Inc., the global leader in mobile messaging and mobile commerce services today announced its strategic alliance with the Qtel Group, a leading provider of telecommunications services. Sybase 365 will provide its leading mobile wallet (mWallet) software with comprehensive solutions support, delivering one of the most advanced mobile commerce services in the world.
"Today's global economy is becoming a mobile economy with consumers requiring convenient access to transaction channels anytime, anywhere," said Matthew Talbot, senior vice president, mCommerce, Sybase 365. "Our partnership with the Qtel Group to provide a leading mWallet solution is pioneering the way customers interact with their financial institutions and communities."The newly launched Qtel Mobile Money service, a safe, fast, and easy-to-use mobile wallet offering, will allow Qtel Group customers to use their mobile phone accounts to save and transfer money, top-up their credit and make payments at home and abroad via their mobile devices. The Qtel Group's operations cover markets with a high number of residents and foreign workers, who regularly transfer a proportion of their salaries overseas to their home countries. A large proportion of these workers do not have access to traditional banking facilities and are "under-banked," relying on the services of money transfer kiosks to transport money home.
Qtel Mobile Money service enabled by Sybase 365® mobile wallet software will help the Qtel Group support all mobile channels, including SMS, Unstructured Supplementary Service Data (USSD), mobile browser, downloadable client, STK and works on any mobile device, with any currency..
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About Qtel
Qatar Telecom (Qtel) provides a full range of telecommunications services in Qatar and across its presence in 17 countries. Our vision is to be among the top 20 telecommunications companies in the world by 2020 through expansion in both the MENA region and South East Asia.
About Sybase 365
Sybase 365, a subsidiary of Sybase, Inc. (an SAP company; NYSE: SAP), is the global leader in enabling mobile information services for mobile operators, financial institutions and enterprises. We provide our customers with the widest offering in SMS, MMS, GRX, IPX interoperability, end-to-end mobile commerce solutions, innovative mCRM, mobile marketing and content delivery services. Sybase 365 processes more than 1.8 billion messages per day, reaching over 900 operators and 5.2 billion subscribers around the world. For more information, visit: www.sybase.com/365. Read our blogs: http://blogs.sybase.com.
Sybase and Sybase 365 are trademarks or registered trademarks of Sybase, Inc. All other company and product names mentioned may be trademarks of the respective companies with which they are associated. ® indicates registration in the United States.
Forward-looking Statement
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© Press Release 2011
