BankDhofar Drives Oman's Digital Banking Revolution with New Initiatives
BankDhofar has been making waves in Oman's banking sector with a series of digital initiatives. The bank has recently relaunched its 'Intilaqah' digital onboarding app and introduced online payment gateways integrated with Oman Air. Furthermore, it has signed a cooperation agreement with the Social Protection Fund to advance financial technology solutions.
BankDhofar's commitment to innovation is evident in its recent launches. In 2024, the bank introduced Dhofar Pay, enabling customers to settle bills with a simple phone swipe at retail POS devices. This year, it also introduced Samsung Pay and Apple Pay, and launched a digital platform for SMEs. The bank was the first in Oman to enable RippleNet-powered remittances to India. Under the agreement with the Social Protection Fund, BankDhofar will provide virtual accounts for efficient cash flow management. The management team, including the CEO, CDO, and heads of Innovation or Strategic Partnerships, has been instrumental in driving these initiatives and negotiating strategic partnerships with international companies. The bank's AI-driven transaction monitoring and advanced anti-fraud systems ensure the security of these digital services. These innovations align with BankDhofar's commitment to driving innovation in Oman's banking sector and supporting Oman Vision 2040.
BankDhofar's recent digital initiatives, including the relaunch of 'Intilaqah', integration of online payment gateways with Oman Air, and the agreement with the Social Protection Fund, reflect its dedication to empowering businesses with the latest financial technologies. The bank's commitment to innovation and security in digital services is set to transform Oman's banking sector and support the country's vision for the future.
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