BM Wallet, mBanking app upgraded with new Mobile Payments System
The Mobile Payments System promises interoperability and unified switching and clearing services between various mobile banking systems operated by different banks
MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to excellence in customer services has announced the addition of the Central Bank of Oman’s Mobile Payments System to both its BM Wallet and the mBanking app.
The state-of-the-art Mobile Payments System promises in
MUSCAT: Reinforcing its commitment to accident-free driving, Mercedes-Benz Oman has announced its Brake Pads Campaign in Muscat, Sohar and Salalah.
Running from December 8 – 12, the campaign offers discounts of up to 61 per cent on brake pad changes, as well as a 30 per cent discount on labour. With a full inspection of the vehicle braking system that includes brake fluid condition and testing, the campaign offers Mercedes-Benz vehicle owners the perfect opportunity to keep their cars in peak form.
Mercedes-Benz Oman service events run throughout the year to optimize the high performance, teroperability and unified switching and clearing services between various mobile banking systems operated by different banks in the Sultanate thereby promoting enhanced efficiency and security of mobile payments.
BM Wallet and the mBanking app, through the Mobile Payments System, will enable customers to transfer or request money to others using the following modes. For person to person transfers, money can be sent or collected from the recipient’s default account or wallet. ‘Send money’ can be initiated by using a mobile number, Alias or by QR code scanning and ‘collect money’ can be initiated using recipient Alias/Mobile Number. Both the sender and recipient need to register on the Mobile Payments System. Bank Muscat customers have the facility to register on Mobile Payments System via both its BM Wallet and the mBanking app. Funds can be transferred to both Bank Muscat and non-Bank Muscat customers’ bank accounts or wallets by using their Mobile Payments System registered mobile number/alias/QR code. The real-time services are executed instantly and are available 24/7.
The Mobile Payments System also facilitates the initiation of merchant payment requests through the ‘Scan & Pay’ option. Merchant payments can be initiated from customers mbanking or wallet to merchants by scanning a static or dynamic QR code and the merchant can also request money wear and tear, we can’t emphasise enough the importance of keeping them in the best condition, no matter how new the vehicle - there is no better time than now.”
Mercedes-Benz genuine brake pads are perfectly designed for Mercedes-Benz genuine brake discs. The optimum friction pairing ensures high braking power, short stopping distances, low wear and tear and prevents brake noises from occurring. This is how Mercedes-Benz genuine brake linings contribute to accident-free driving.
The campaign is available to owners of models registered between January 1, 2012, and December 31, 2016. ed as the Deputy CFO at OAB. I would like to express my sincere gratitude to the CFO, CEO and the Executive Management for giving me this opportunity.”
Mohamed Abdullrauf has over eight years of experience in the finance sector and holds a Bachelor’s degree in Marketing. He joined OAB in 2011 and has since worked closely with his team as well as the corporate team to achieve the bank’s targets and goals. “A customer deposit is a segment of the bank that has shown significant growth potential. I look forward to working with the team to further develop the banks business and ensure continued success for OAB within this segment in Oman,” said Abdullrauf. “I would like to thank the OAB management for giving me this opportunity and look forward to working with them to take OAB from strength-to-strength in the coming years ahead.” from a customer using Mobile Payments System registered mobile number / Alias / QR code This mode of operation is expected to greatly benefit the retail sector in the country. Bank Muscat has initially tied up with a select few merchants and will look to expand this network in the future.
Amjad Al Lawati, AGM - Cards and eBanking, said: “Bank Muscat is delighted to add more features to its innovative and advanced digital payment channels. We thank the CBO for all the measures that they have taken to align the banking sector in line with the government’s ambitious eGovernment project. In conformity with international standards, the mobile wallet provides security and convenience for mobile phone transactions and reflects the bank’s commitment to implement cutting-edge financial infrastructure in the country that will benefit all.”
The BM Wallet app is highly secure and does not store any sensitive information or transaction logs on the phone, which makes it secure. Bank Muscat has also built-in other robust security features into the app. The BM Wallet app can be accessed on all iOS and Android devices and is available at the App Store and Google Play in both Arabic and English versions.
The Mobile Payments System platform is all set to emerge as a convenient electronic payment tool for cash transactions in Oman as Bank Muscat remains focused on helping customers make a smooth transition towards efficient technology-based processes. Over the years, Bank Muscat has leveraged digital technology to offer secure and convenient payment channels in Oman to provide banking convenience for all its customers.