OAB Enhances Local Market Presence with Advanced Digital Service

Muscat, August 31, 2020: Oman Arab Bank continues to enhance its presence in the local banking industry as one of the best-certified e-payment solutions providers. The Bank has heavily invested in building an advanced digital infrastructure, capable of keeping pace with the rapid technological changes that influence the growth of businesses while enriching the digital business environment. Based on this concept, OAB’s advanced e-payment gateway has emerged as one of the best e-channels for digital payments in the Omani market.

Commenting on the features of this innovative technology, Rashad Al Shaikh, Acting Head of the Retail Banking Division at OAB said, “Our e-payment gateway is the only one in the market that provides direct connectivity for all types of local and international bank cards, in addition to competitive service fees and 24/7 advanced technical support. This single-integration point allows our customers to easily make transactions and accept payments from anywhere in the world. Moreover, our team supervising the gateway is always ready to facilitate the activation process for new customers, and support them in all their banking requirements.”

“Currently, the global market is witnessing rapid developments in the sphere of doing business, with e-commerce emerging as one of the most promising sectors. Due to changes in government services, cash transactions have declined in favour of online payments. This reinforces the need to establish more reliable digital banking solutions that enable real-time payment and seamless cash flow services. This is an extremely useful service for business owners, and especially SMEs, since it prevents payment delays. As one of the most advanced local financial institutions, we see it as our responsibility to provide advanced solutions and accelerate digital transformation in both the public and private sector,” Rashad added.

For several years now Oman Arab Bank has been on the path to promote growth through innovation. Its transformation strategy is based on strategic pillars, the most important being enabling innovation across various business activities. This is possible through the development and implementation of advanced, state-of-the-art technologies. The Bank has proven the effectiveness of its vision by successfully activating new digital channels and solutions during the COVID-19 crisis, generating widespread acclaim. OAB continues to maintain its position as one of the most prominent providers of digital services in the local banking sector.

OAB has a rich and proud history as one of the first financial institutions established in the Sultanate. Today, the bank operates a nationwide network of 55 branches and representative offices with 152 ATMs spread across Oman. OAB provides a complete range of financial products and services for personal banking and corporate banking clients.