The National Bank of Oman (NBO) and Ooredoo Fintech have signed a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at advancing digital financial services and payment solutions across Oman.
The signing ceremony was held at NBO’s Head Office in Muscat, marking the beginning of a joint effort to develop a comprehensive digital wallet ecosystem.
The initiative aligns with Oman Vision 2040, supporting the Sultanate’s digital transformation agenda and fostering innovation in a diversified, technology-driven financial sector.
Under the MoU, both parties will explore collaboration across multiple key areas, including:
Development of a digital wallet ecosystem
Enhanced payment services and settlement arrangements
Support for banking and financial infrastructure
Joint initiatives in digital financial services
Other mutually agreed financial technology projects
The agreement establishes a high-level framework for cooperation, while specific terms and initiatives will be defined through subsequent agreements, ensuring practical implementation and measurable impact.
Mohammed Yahya Al Jabri, Assistant General Manager and Head of Global Transaction Banking at NBO, stated that, “This MoU reflects our continued focus on advancing innovation in Oman’s financial services sector. Through our collaboration with Ooredoo Fintech, we aim to explore solutions that support the growth of digital payments and strengthen the infrastructure needed to deliver efficient financial services.”
Noor Al Lawati Country Head Ooredoo Fintech Oman
“Collaborating with NBO reflects a shared ambition to push the boundaries of what digital financial services can offer in Oman. Together, we are combining NBO’s proven banking strength with Walletii’s agile platform to deliver an experience that is greater than the sum of its parts.”
This MoU underscores the commitment of both NBO and Ooredoo Fintech to accelerate fintech adoption, enhance digital payments, and support the wider financial services ecosystem for corporates and fintech startups in Oman.
