Vodafone Qatar, the Qatari subsidiary of the UK’s Vodafone, will launch a mobile money transfer service in partnership with a Qatari bank in June.
According to Vittorio Colao, the chief executive officer of Vodafone Group, the Qatari subsidiary will…
Vodafone Qatar, the Qatari subsidiary of the UK’s Vodafone, will launch a mobile money transfer service in partnership with a Qatari bank in June.
According to Vittorio Colao, the chief executive officer of Vodafone Group, the Qatari subsidiary will begin by launching the service to the Philippines.
Qatar and the other Arab countries of the Gulf have large Philippine expatriate workforces.
Doha Bank will act as the exclusive partner for Vodafone Qatar.
The pair believe that government-owned rival Qtel will soon come to market with its own system to enable expatriates to send remittances to their families using mobile phones.
Vodafone Qatar has asked the government to exempt it from corporate income tax, according to John Tombleson, the company’s chief financial officer.
Tombleson told a telecoms conference in Doha on 17 May that “it’s a tax in a non-tax country”.
The Qatari government has already given loss-making Vodafone Qatar a five-year income tax holiday which lasts until the end of June 2013.
Companies owned by Qatari nationals pay no corporate income tax, but all companies partly or wholly owned by foreigners pay the tax.
