BankDhofar, a leading financial institution in Oman, has joined forces with the National Gas Company to usher in a new era of digital payments and financial inclusivity across the Sultanate.
The strategic partnership brings together the strength of BankDhofar’s cutting-edge Point-of-Sale (Soft POS) technology and the extensive network of National Gas Company’s agents who will now accept payments through the Bank’s Soft POS devices.
The partnership between BankDhofar and National Gas Company underscores a shared vision for innovation, progress, and customer-centricity. It aligns closely with Oman’s broader digital transformation objectives and economic development plans.
“Our partnership with the National Gas Company is a significant milestone in Oman’s journey towards a cashless society. By introducing Soft POS technology and promoting financial inclusion, we are not only enhancing payment methods but also empowering a broader segment of the population with access to modern financial services.”
Dr. Rachid Majjad, CEO of National Gas Company stated that “We are delighted to partner with BankDhofar on this transformative journey. This collaboration allows us to provide our customers with a more convenient payment experience. Moreover, by enabling our agents to open bank accounts, we aim to enhance their financial well-being and contribute to Oman’s vision for digital progress.”
The collaboration between BankDhofar and National Gas Company exemplifies how the synergy between banking and the energy sector can lead to positive changes in the lives of customers and drive economic growth by embracing digitalization and financial inclusion.
BankDhofar’s payment gateway services including the conventional POS and Android phone-based Soft POS are set to increase the convenience for National Gas Company’s valued customers. The Soft POS, an innovative solution transforms everyday smartphones and tablets into secure payment terminals. By adopting this technology, National Gas Company’s agents including dealers and sub-dealers will have the capability to seamlessly accept a wide range of payment methods, including credit and debit card transactions, providing customers with a fast, convenient, and secure payment experience.
The Soft POS solution is poised to eliminate the limitations associated with cash transactions, revolutionizing the overall customer experience. Any Android phone can be used as a POS terminal. This shift towards digital payments will not only enhance convenience but also contribute to the growth of a cashless economy in Oman.
Through this collaboration, BankDhofar will also assist gas delivery agents across Oman in opening their bank accounts, ensuring seamless digital integration in payments.
This initiative is aimed at bringing the benefits of financial services to a wider segment of the population, including those without traditional bank accounts. By expanding access to digital banking, BankDhofar and National Gas Company are working towards making financial services more inclusive and accessible to all.