Banking & Finance
Bank Muscat, Ooredoo sign MoU for digitalisation of payments

Bank Muscat and telecom services provider Ooredoo have signed a Memorandum of Understanding (MoU) to digitalise Ooredoo’s payments and reconciliation. The MoU was signed by Abdul Razzaq Abdul Wahid Al Balushi, Chief Financial Officer, Ooredoo, and Tariq Atiq, DGM – Transaction & Public Sector Banking, Bank Muscat recently.
Read: Bank Muscat, Salam Air ink pact for corporate Internet banking solution
Abdul Razzaq Abdul Wahid Al Balushi, Chief Financial Officer, Ooredoo, said: “This agreement will facilitate exchange of knowledge between both parties and enhance the service level provided to our customers. The new solutions will greatly enhance our daily operations leading to business efficiencies and scalability. We are proud to partner with Bank Muscat to pioneer new digital initiatives.”
Tariq Atiq, DGM – Transaction & Public Sector Banking, Bank Muscat, said: “Digital solutions are playing a bigger role in the development of the economy today and will soon become the only way ahead. More and more corporates are boosting their internal efficiencies by using our various digital solutions. We are very happy to welcome Ooredoo onboard our digital solutions, which will facilitate greater operating efficiencies and customer satisfaction for them.”
The digital solutions from Bank Muscat can be used by large corporates to make online payments and information can flow to the bank for processing. Large corporates can use Bank Muscat’s digital solutions to build an efficient and robust payment and reconciliation system. Bank Muscat also offers a number of tailor-made solutions such as Remote Deposit Capture (RDC) and Direct Debit Solution to its corporate customers.
The bank provides expert advice to corporates and institutional partners on structuring an automated and efficient accounts-receivables process and help them make a smooth transition towards efficient technology-focused processes.
-
OER Magazines2 months ago
OER, April 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines4 weeks ago
OER, May 2025
-
Banking & Finance2 months ago
How is National Bank of Oman Working Towards Creating a Robust Fintech Ecosystem?