Ahli Bank introduces innovative payment solutions on mobile banking, wallet apps

Ahli Bank, the fastest growing bank in the sultanate, recently announced the addition of the Central Bank of Oman’s Mobile Payments System to its mobile banking and wallet apps. This upgrade is in line with the bank’s objective of offering innovative and top-class banking solutions to its customers in Oman and implementing new technologies in banking that will benefit the customers and stakeholders.

The Mobile Payments System integration with Ahli Bank’s Wallet App and Mobile Banking App will enable the users to receive and transfer money. Once the sender and the recipient registers on the Mobile Payments System, peer to peer transfer can be made from the sender’s default account or wallet to a recipient’s account or wallet. ‘Send money’ can be initiated by using mobile number, Alias or by QR code scanning and ‘collect money’ can be initiated using recipient’s Alias or mobile number.

This service is available 24/7 and works on the real-time framework connected to central banks Mobile Payments and Clearing Switch.

Ahli Bank customers can now register on the Mobile Payments System via the Mobile Banking App or Wallet App and can initiate fund transfers to both Ahli

Bank and non-Ahli Bank customers. The registered mobile number, alias or the QR code can be used to transfer money to bank accounts or wallet. Merchant payments can also be initiated using mobile banking app or wallet app by scanning a static or dynamic OR code. The ‘Scan and Pay’ option initiate the merchant payment request. The merchant too can request money from an Ahli Bank customer using the Mobile Payments System registered mobile number, Alias or QR code.

Muneer al Balushi - associate general manager, Retail Distribution at Ahli Bank, said, “We always strive to provide innovative services and pioneering products to our customers, while focusing on the application of the latest security and safety standards, and this is what distinguishes Ahli Bank. Our wide range of digital banking services are easy to use and secured. Customers can now easily send and receive funds wherever they are. This model is highly secure and can be beneficial for the retail sector and people who require payment transactions on the go.”

The Mobile Payments System works on a centralised switching and clearing system between various mobile banking systems operated by different banks.