Bank Muscat, ONEIC join hands to promote electronic payment

MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, and Oman National Engineering & Investment Company (ONEIC) have signed an agreement to facilitate PoS card payment across the network of ONEIC outlets in Oman. Waleed al Hashar, Deputy Chief Executive Officer of Bank Muscat, and Dr Rashid Mohammad al Ghailani, Chief Executive Officer of ONEIC, signed the agreement at the bank’s head office.

ONEIC is a major bill collector in Oman handling bill collections for water and electricity companies in the interior regions of Oman. This is the first time ONEIC will be accepting cards at their outlets across the country. ONEIC has 77 outlets and will be installing over 200 Bank Muscat PoS terminals at the outlets.

Waleed al Hashar said: “In line with the leadership position in Oman, Bank Muscat is delighted to launch yet another value-added service benefiting customers. The bank is making all efforts to support merchants to adopt electronic payment as a business model. The initiative is aimed at complementing government efforts in making e-payment the preferred mode of payment and motivating a change in consumer behaviour that makes ‘payment by cards’ both a habit and preference in view of convenience and security.”

ONEIC is also launching a mobile application known as ‘Bill and Pay’ facility for which Bank Muscat will provide the Internet payment gateway. With the new agreement, Bank Muscat customers can pay ONEIC bills using all Bank Muscat channels, including online and mobile banking.

Dr Rashid Mohammad al Ghailani thanked Bank Muscat for facilitating the cutting edge electronic payment infrastructure for ONEIC utility bill payment. The electronic payment facility ensures convenience and security across a wide network of PoS and online channels. We are proud to sign this agreement with Bank Muscat to provide uninterrupted bill payment service to customers, Dr Al Ghailani added.