Online Money Transfer, known as OMT, was founded in Beirut in 1998 as the first accredited Western Union agent in Lebanon. It grew from one service into a nationwide network: more than 500 locations by 2003 and over 1,000 by 2010. It added local Western Union transfers in 2004, then Cash to Bank, Cash to Business and payments to government bodies, and in 2012 launched OMT INTRA, a local transfer service run without an international partner. Agreements with the ministries of telecoms, finance, energy, interior and labour let people pay many state bills at OMT counters. The company built its OMT Pay digital wallet on the Mambu platform in five months. Mambu reports that OMT handles more than 80 percent of Lebanon's electronic money transfer market.
OMT at a glance
- Founded in 1998 in Beirut
- First accredited Western Union agent in Lebanon
- More than 150 services
- Launched OMT INTRA local transfers in 2012
- OMT Pay wallet built on Mambu
Who is behind OMT
- Hikmat Abou Zeid (Chairman). Source: omt.com.lb
- Naji Abou Zeid (CEO). Source: omt.com.lb
- Joya Mouawad (Executive Vice Chairman). Source: omt.com.lb