Online Money Transfer

What Online Money Transfer does

Online Money Transfer S.A.L. (OMT) is a privately held Lebanese financial services company founded in 1998 and headquartered in Beirut. The company operates Lebanon's largest electronic money transfer network, comprising more than 1,400 physical locations that combine company-owned main branches with third-party retail agent locations. OMT was established as the first and exclusive Western Union Accredited Agent in Lebanon and serves as the country's principal gateway for international remittances, while also offering domestic transfers, bill payments, government services, insurance, and payroll disbursement.

The core technology stack comprises the OMT Pay dual-currency electronic wallet application (LBP and USD), the OMT Visa prepaid reloadable dual-currency card issued in partnership with BLOM Bank, and an agent-network operating layer that processes Western Union international transfers, OMT Intra domestic transfers (launched in 2012), Western Union APN bank/wallet payouts, and a broad portfolio of government and utility bill payments. The wallet supports QR-code payments and integrates with Google Pay for tokenized cardholder transactions. Pricing is transaction-based and tiered: international Western Union fees range from $5 to $100 per transfer depending on amount, local OMT Intra transfers begin at ~$1, and APN bank/wallet transfers carry a flat $20 fee up to $7,500.

OMT generates revenue primarily through transaction fees and commissions across its payment, transfer, and card services. Its primary customer segment is Lebanese residents and citizens needing domestic and cross-border money movement, with secondary segments including unbanked consumers seeking bill-payment convenience, retail agents earning commissions, and government entities automating citizen-facing services. Distribution is hybrid: company-owned branches handle high-value transactions and card issuance while the 1,000+ retail agent network provides last-mile cash-in/cash-out reach across Lebanon. As of a 2019 disclosure, the network processed 12 million annual transactions with a gross transaction value exceeding US$3.4 billion.

Name

Online Money Transfer

Legal name

Online Money Transfer S.A.L.

Website

https://omt.com.lb

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Online Money Transfer (OMT) is a Beirut-based, privately held financial services company operating Lebanon's largest money transfer network of 1,400+ locations. It provides Western Union international transfers, domestic OMT Intra transfers, dual-currency OMT Pay wallet and OMT Visa card, bill payments, and government services primarily to Lebanese consumers.

Ownership category

akta.pro rank

Headquarters

HQ city

Beirut

HQ country

Lebanon

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Western Union International Transfers: Transaction fees charged on international money transfers through Western Union network, with fees ranging from $5 to $100 based on transfer amount
2. OMT Intra Local Transfers: Fees on domestic money transfers within Lebanon, with promotional rates starting at $1 for local transfers
3. Bill Payment Services: Commission from processing utility, telecom, government, and other bill payments at OMT locations
4. OMT Visa Card: Revenue from prepaid dual-currency Visa card issued in partnership with BLOM Bank, including usage fees and foreign transaction charges

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

OMT operates an electronic money transfer and payments platform in Lebanon, providing Western Union international remittances, OMT Intra domestic money transfers, the OMT Pay dual-currency (USD/LBP) mobile wallet, an OMT Visa prepaid card, bill payments, mobile recharge, and government service payments, delivered through 1,400+ retail agents, OMT-owned branches, and the OMT Pay mobile app.

Product overview

Online Money Transfer (OMT) operates a multi-service financial platform centered around its OMT Pay electronic wallet and OMT Visa Card, complemented by money transfer services (Western Union International and OMT Intra local transfers, plus APN bank/wallet transfers), bill payment services, governmental services, and insurance offerings. The company functions as Lebanon's largest electronic money transfer network with over 1,400 locations.

Differentiator

Problem solved

Functional benefit

Brands

• OMT Pay: Electronic dual-currency Wallet app enabling money transfers, bill payments, and mobile top-ups
• OMT Intra
• OMT Visa Card

Quantifiable outcome

• 12 million annual transactions processed
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

14 partnerships are on record, tiered core, strategic, sports, academic, digital, flagship and csr.

• American University of Beirut (AUB)coreStrategic or Co-development Partner · 9 December 2025Collaboration with AUB and ISF to strengthen efforts against financial crime, enhancing compliance and security measures.
• Compare360.comstrategicStrategic or Co-development Partner · 24 October 2025Strategic partnership to expand access to online insurance in Lebanon through OMT's digital and physical distribution network.
• Sagesse ClubsportsGTM or Marketing Partner · 17 October 2025Renewed strategic partnership with Lebanese basketball club for fan engagement and promotional activities.
• TerraPaystrategicTechnology or Integration · 3 September 2025Partnership to empower Lebanese businesses with new cross-border payment solutions, enabling enhanced international payment capabilities.
• Saint Joseph University (USJ)academicStrategic or Co-development Partner · 28 May 2025Cooperation agreement between USJ Faculty of Business Administration and OMT for academic collaboration and student opportunities.
• FSUL (French University of Lebanon)academicGTM or Marketing Partner · 7 April 2025Partnership to launch university basketball and futsal championship finals, supporting student sports.
• Order of Pharmacists of LebanonstrategicStrategic or Co-development Partner · 19 February 2025Cooperation agreement to expand pharmaceutical payment and service accessibility through OMT network.
• Al Riyadi BeirutsportsGTM or Marketing Partner · 4 February 2025Sporting partnership including official online store launch on OMT Pay app and promotional campaigns.
• Google PaydigitalTechnology or Integration · 26 June 2024Google Pay service integration enabling OMT Visa cardholders to make contactless payments using Google Wallet.
• BLOM BankcoreStrategic or Co-development Partner · 6 April 2021BLOM Bank issues the OMT Visa Prepaid Dual Currency Card, allowing customers to hold balances in USD and LBP. The card enables international purchases, ATM withdrawals, and local payments with reload capability at OMT locations.
• Beirut Marathon AssociationflagshipGTM or Marketing Partner · 11 June 2019Title sponsor of Beirut Marathon, supporting 40+ NGOs in Lebanon. OMT has been sponsoring the marathon for multiple years, including title sponsorship for the 21st edition in 2023.
• Ministry of Interior & Municipalities - Directorate General of Civil StatuscoreStrategic or Co-development Partner · 27 September 2018MoU for follow-up and delivery of Lebanese ID cards through OMT locations, reducing processing time from months to approximately two weeks while maintaining accuracy and security.
• Children's Cancer Center of Lebanon (CCCL)csrGTM or Marketing Partner · 7 December 2015OMT collects donations for CCCL through its 900+ locations across Lebanon, supporting pediatric cancer treatment. OMT team members also visit the center for CSR activities.
• Western UnionflagshipChannel Partner/ Reseller/ Distributor · 4 October 2000Western Union's first and exclusive Accredited Agent in Lebanon since 2000. OMT provides international money transfer services through Western Union's global network covering 138 countries and 4+ billion accounts/wallets. This partnership enables two-way money transfers between Lebanon and the world.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sigue Money Transfer: Sigue is a global money transfer operator with agent-based international remittance services, particularly in Latin America and other diaspora corridors. Comparable as an MTO competitor serving similar remittance customer segments.
• Whish Money: Whish Money is a Lebanon-based digital money transfer and payment platform operating in the same domestic market as OMT. It is the closest direct competitor in Lebanese money transfers and mobile wallet services.
• Ria Money Transfer (Euronet): Ria Money Transfer, owned by Euronet Worldwide, is a major global MTO with extensive agent networks serving migrant and diaspora remittance corridors. Comparable core product and customer segments to OMT's international transfer service.
• MoneyGram: MoneyGram is one of the two global money transfer operators (alongside Western Union), offering international remittance services through agent networks globally. Directly comparable in core remittance product and business model.
• Trans-Fast: Trans-Fast is a global remittance provider offering money transfer services to bank accounts, mobile wallets, and cash pickup locations across multiple corridors. Comparable cross-border remittance business model to OMT's Western Union and APN services.
• BOB Finance: BOB Finance is a Lebanese financial services company offering money transfer, bill payment, and card services within Lebanon. Operates in the same domestic money transfer and bill payment market as OMT.

Emerging players

• Fawry: Fawry is Egypt's leading electronic payments and bill collection platform, offering bill payments, mobile top-ups, and money transfers through a digital and agent network. Comparable as a MENA electronic payments platform that combines bill payments with money transfer services.

Broad incumbents

• Western Union: Western Union is OMT's flagship international partner and the world's largest MTO operating in 200+ countries. Comparable as the underlying network provider whose brand and infrastructure OMT's international transfer service runs on, and a potential direct competitor if it bypasses agents.

Regional players

• Al Ansari Exchange: Al Ansari Exchange is the largest money transfer and exchange network in the MENA region, headquartered in the UAE. Comparable as a regional MTO leader with extensive agent footprint and remittance focus across MENA corridors.
• Unimoni (formerly UAE Exchange): Unimoni is a global money transfer, foreign exchange, and payments provider with strong MENA presence. Comparable as a regional MTO offering international remittance and bill payment services across the Middle East.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCGDsIsHOdNhw
• Xx.com/omtleb

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Online Money Transfer