National Bank of Oman Is the First to Offer 5,000 Contactless Touch Points Across the Sultanate

Press release
Published January 21st, 2019 - 07:51 GMT

National Bank of Oman is always on the forefront to presenting new trends and technologies.
National Bank of Oman is always on the forefront to presenting new trends and technologies.

Reiterating its commitment to delivering compelling solutions, National Bank of Oman (NBO) is the first bank in the Sultanate to offer Mastercard holders the opportunity to conduct contactless payments at over 5,000 terminals. In addition, holders of the Youth Debit Cards and Badeel prepaid cards can also benefit from this service, allowing them to make payments for goods and services.

Considered as a new mandate by the Central Bank of Oman for 2019, NBO was a pioneer in providing terminals accepting all contactless Mastercards, issued both in the Sultanate and abroad, marking a milestone for the country’s payment infrastructure. An ideal alternative to Chip and PIN, by simply tapping or waving the card on the terminal, the transaction will be complete. This not only saves time, but makes it an easy and fast payment solution. For safety and security purposes, payments above the amount of OMR 10 will require card holders to enter a PIN for their purchases.

Abdul Karim Al Hinai, Head of Alternative Channels at NBO said, “We are firm believers in our role to lead the banking sector into a new era of digitization and cutting-edge technologies. Moving forward, all new NBO debit and credit cards will be contactless enabled, making it easier and more convenient for customers to conduct their day to day transactions. Delivering superior customer experience has always been our main drive behind every innovative solution we offer.”

The 5,000 contactless touch points distributed across the Sultanate include Muscat International Airport which enables travellers to conduct payments on the go effortlessly. With this solution, National Bank of Oman is always on the forefront to presenting new trends and technologies.

Background Information

National Bank of Oman

Founded in 1973, National Bank of Oman was the country’s first local bank, forging a rich history with Oman’s local businesses and its economy at large. Today, it is one of the largest banks in Oman, with a paid up capital of OMR (Omani Rials) 110.8 million (US$ 288 million) and a regulatory capital of OMR 377.8 million (US$ 981 million)*.​

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