BankDhofar launches SME Business Banking Account

Roundup Monday 04/March/2024 12:22 PM
By: Times News Service
BankDhofar launches SME Business Banking Account

Muscat: In alignment with Oman Vision 2040, BankDhofar is pleased to announce the launch of SME Business Banking account. The account offers a diverse range of banking solutions, to the Small and Medium Enterprise segment of Oman. The solution takes into consideration the day-to-day needs of the customers and provides features aiding their business enhancement along with expanded branch networks, cutting-edge digital solutions, and strategic technology integration.

Key Features of the account

Simplified Account Opening: Convenient account opening and documentation process, making it easier for businesses to get started with their banking journey. Customers can walk in to any of the 115 branches across Oman.

POS Connection Support: With this account, customers can also take advantage of SoftPOS and normal POS (point-of-sale) systems. This will aid customers in their cash receivables and enhance their sales.

WPS Solution: BankDhofar offers a unique Wage Protection System (WPS) solution that simplifies salary payments, offers a convenient and efficient way to manage employee payroll. It allows the customer to process the salary online by uploading a file or walk-in to the extensive branch network and provide a bar-coded document to process the salary.

Cards: Customized credit and debit cards designed to meet the unique needs of SME’s.

RCCD Service: Remote Cheque Capture and Deposit services are designed to facilitate bulk cheque processing remotely and adds efficiency, flexibility, security, and cost effectiveness to SME’s business operations

Payment Gateway: It also offers payment gateway to aspiring SME customers to collect payments for their online transactions by integrating BankDhofar’s Payment Gateway on their websites or ecommerce platforms

The bank offers specialized advisory services to help SMEs select appropriate financing and banking solutions, aligned with their unique business models. Market insights are also provided, helping SMEs proactively address challenges and ensure smooth operations. BankDhofar offers a range of investment solutions, including time deposits and financial products, to help businesses grow and maximize their surplus funds. The Bank has a dedicated department which oversees the implementation of its SME strategy. This department oversees the creation of new organic product and services and also extends towards collaborating with third parties to provide SMEs with financial and technical benefits.

BankDhofar's unwavering commitment to Corporates & SMEs and its continuous investment in technology underpin its dedication to supporting Oman's economic growth and development in line with Oman 2040 Vision

To learn more, check out BankDhofar pages on social media: Facebook (, X (@BankDhofar), Instagram (, or visit the official website or contact the call centre 24/7 on (+968) 24775773 for inquiries.