OAB part­ners with OUE for af­ford­able re­mit­tances

Muscat Daily - - PRESS RELEASES -

Oman Arab Bank (OAB), one of the first banks to be es­tab­lished in the sul­tanate, re­cently signed a new part­ner­ship with Oman United Ex­change Com­pany (OUE) to make it even more con­ve­nient for cus­tomers to trans­fer re­mit­tances abroad for lower ser­vices fees. The sign­ing cer­e­mony for the part­ner­ship was held at the OAB head of­fice. Rep­re­sent­ing OAB at the cer­e­mony was Rashad al Shaikh, DGM Re­tail Bank­ing, while Syed Faraz Ahmed, gen­eral man­ager, rep­re­sented the ex­change com­pany.

The part­ner­ship will en­able OAB cus­tomers to make in­ter­na­tional trans­fers to In­dia, Pak­istan, Sri Lanka, Bangladesh, the Philip­pines and Egypt, at a dis­counted rate of just RO1.500 at any OUE lo­ca­tion by us­ing their debit cards at the POS ma­chines installed at each out­let. Fur­ther­more, all POS charges at the branches will be waived for OAB cus­tomers.

Shaikh said, “Our col­lab­o­ra­tion with OUE al­lows us to forge a mu­tu­ally ben­e­fi­cial strate­gic part­ner­ship be­tween our two in­sti­tu­tions. It is also in line with the strat­egy of the bank in aim­ing to reach out to a broader client base, of­fer­ing them flex­i­ble, in­no­va­tive and cost-ef­fec­tive fi­nan­cial so­lu­tions spe­cially de­signed to cater to their spe­cific needs.”

“As with OAB, we are al­ways on the lookout for op­por­tu­ni­ties to make our ser­vices read­ily avail­able to a broader spec­trum of our cus­tomer base, while at the same time mak­ing our ser­vices even more af­ford­able. This part­ner­ship has en­abled us achieve ex­actly this, al­low­ing us to of­fer bank trans­fers to the most com­monly used coun­tries at a rate un­matched by the mar­ket,” added Ahmed.

“The abil­ity to trans­fer money di­rectly from POS ma­chines lo­cated at OUE sites at spe­cial rates ex­clu­sive to our cus­tomers will of­fer them great value. It will also pro­vide them with a to­tal peace of mind by not hav­ing them worry about with­draw­ing or car­ry­ing large sums of cash from lo­ca­tion to lo­ca­tion. As such, I am that con­fi­dent this part­ner­ship will be a value ad­di­tion to the ser­vices of­fered by both OAB and OUE,” added Rashad.

Ad­di­tional in­for­ma­tion can also be ob­tained at each of the seven OUE branches.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.