Muscat – Thawani Applied sciences LLC (Thawani Pay), an Omani fintech and the primary non-bank cost carrier supplier approved by means of the Central Financial institution of Oman and Community Global (Community), on Tuesday introduced a strategic partnership to boost up virtual cost innovation and extend bank card functions within the Sultanate of Oman.
This partnership builds on Thawani Pay’s persevered enlargement and innovation momentum, together with a landmark milestone in turning into the primary main fintech in Oman to formally safe a Visa license to factor bank cards and a countrywide first that boosts Thawani Pay’s function in shaping next-generation cost reports in Oman.
At once supporting Oman Imaginative and prescient 2040’s goals of increasing digitalisation and fostering financial diversification, the settlement used to be signed by means of Eng. Majid al Amri, Founder and CEO of Thawani Pay, and Navneet Dave, Managing Director & Co-Head of Processing – Heart East at Community Global, right through a rite held at Thawani Pay’s Head Workplace in Muscat.
Community will supply complete bank card processing services and products to Thawani Pay, enabling it to advance its card roadmap with a scalable, safe, and enterprise-grade processing infrastructure, whilst additional strengthening Community’s processing presence in Oman.
By way of combining Community Global’s regional processing experience and strong infrastructure with Thawani Pay’s native marketplace management and customer-first innovation, the collaboration is about to introduce new cost propositions, beef up monetary inclusion, and fortify long-term virtual transformation throughout Oman.
Al Amri mentioned, “Partnering with Community Global strengthens our talent to ship world-class card processing functions and scale our Visa-powered bank card roadmap with self assurance. By way of combining Thawani Pay’s deep native marketplace working out with Community’s world requirements and processing energy, we can ship a continuing, safe, app-first card revel in, supporting Oman’s shift against a extra cashless and digitally inclusive long run.”
Navneet Dave, Managing Director & Co-Head of Processing – Heart East at Community Global, added, “This agreement underscores Network International’s unwavering commitment to supporting the Omani market to actively shape the future of digital commerce and the government’s ambitious vision to digitize payments and services. We look forward to bringing our proven expertise to facilitate digital transformation through fintech and contribute to Oman’s evolving financial landscape.”
Oman’s virtual bills marketplace continues to extend, supported by means of regulatory enablement and higher adoption of cashless bills. Card and point-of-service transaction volumes reached 432.9 million in 2024, with a complete price of RO6.88 billion, reflecting robust enlargement in card and point-of-sale task national.
