Times of Oman
Bank Muscat, ITA, Visa join hands to highlight new trends in electronic payments
November 22, 2017 | 6:02 PM
by Times News Service
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Muscat: Bank Muscat, the flagship financial services provider in the Sultanate, in association with the Information Technology Authority (ITA) and Visa, the world’s leader in digital payments, hosted a seminar on ‘Emerging Trends in Electronic Payments’ at the head office, attended by dignitaries and a large turn-out of key government, banking, technology and industry representatives.

Dr Eng Yaqoob Dur Mohammed Al Balushi, deputy CEO of Infrastructure and eServices at ITA, was the guest of honour at the event aimed at familiarising and sharing insights on the latest developments and technology linked to electronic payments shaping the future of customer experience.

Topics covered in the seminar by technology experts from Visa included e-commerce and growth in card acquiring business, innovation and latest development trends in electronic payments, the role of the regulatory ecosystem in driving cashless payments for a digital economy, and security perspective on the global payments landscape.

Amjad Al Lawati, AGM – Cards & eBanking, said: “Bank Muscat, in partnership with ITA and Visa, is proud to host the seminar and facilitate engaging interaction with technology experts to discuss the latest developments in electronic payments. The dynamic nature of payments landscape opens up opportunities for innovation and growth. Keeping pace with the constantly evolving technology to face a continuously changing environment, the bank continues to redefine the banking culture in Oman by new and innovative initiatives driven by technology.”



Ahmed Gaber, general manager, Oman, Saudi Arabia, Kuwait, and Bahrain, Visa, said: “Visa is proud to work alongside Bank Muscat and the Information Technology Authority to deliver this important workshop on the latest trends in electronic payments. The shift from cash to cards, mobile devices and other digital payment methods has the potential to play a key role in delivering Oman’s ambitious long-term economic goals. This workshop gave participants the tools to fully appraise the changing payments landscape and identify the many new opportunities that lie ahead.”

Bank Muscat is proud to have a trail of innovative banking services and products that meet the requirements of tech-savvy customers. Marked by speed, convenience and security, Bank Muscat’s electronic banking channels enable financial transactions anytime, anywhere. The technology focus of Bank Muscat is reflected in the largest network of inter-connected branches, payment gateways, cards, merchant services, alternate channels of ATMs, CDMs, online and mobile banking as well as connectivity with utility service providers. The objective is to serve as a vital link to provide efficient electronic banking services.

Bank Muscat offers innovative banking services and products that meet the requirements of customers. The technology-driven products and services are notable, especially electronic payment and web-based services, in tune with Oman moving towards a cashless society.

Bank Muscat customers are increasingly moving to electronic banking channels owing to the adaptive and flexible nature of services. The bank is focused on adding value and engaging customers through their preferred banking channels. The bank remains committed to complementing the government efforts in realising the objectives of e-Government.



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