Oman Arab Bank (OAB) has announced the launch of a new e-payment Gateway facility.
The new service is part of the bank’s innovative roadmap to contribute to the digital economy of Oman by improving the electronic payment ecosystem.
The bank’s public and private sector corporate clients will be able to receive payments online through website and mobile applications for products and services.
OAB is a pioneer of electronic payments in Oman and will now strengthen its range of merchant payment acceptance solutions with this new service.
Fahd Bin Amjad, General Manager Retail Banking at OAB, said: “In line with the Sultanate’s vision, the financial services industry is innovating rapidly to move towards a cashless society.
“This will bring transparency and convenience for all customers. At OAB, we believe that simplifying and digitising payments is a cornerstone for economic development.
“OAB iPAY is a highly secure and intelligent online payment acceptance solution that will help our corporate customers expand their businesses in the digital world.”
To subscribe to the service, corporate customers will require a simple Application Programming Interface.
The bank will assist and supervise this process which can be completed in as little as two weeks.