Muscat: Passengers from India who wish to travel on Oman Air can now pay for their tickets in Equal Monthly Instalments (EMIs), the Sultanate’s national carrier has announced.
The move was part of Oman Air’s efforts to make payments for customers easier and included the introduction of net-banking facilities with all major Indian banks as well as the use of PayTM wallets to pay for tickets. An EMI is a fixed payment made by a borrower to a lender at a specified date each month.
EMIs are used to pay off both interest and principal so that over a specified period, the loan is paid off in full. Paul Starrs the CCO of Oman Air said: “Alternative forms of payment within local markets give us the ability to customise our offerings to suit our customers’ preferences.”
Oman Air officially launched the new options across on both the Oman Air website and mobile app on 5th February this year. Oman Air guests can use these payment options with Indian Rupees as their booking currency across the whole of India.
Last year, Oman Air introduced Alipay, the popular payment system based in China for its online transactions, which was well-received. Oman Air is currently working on activating more forms of payments for its guests across its network to ensure the booking process on their website is seamless.
With most common types of loans, such as real estate mortgages, the borrower makes fixed periodic payments to the lender over the course of several years with the goal of retiring the loan.