Oman’s NBO unveils new digital transfer service

The service will empower clients to transfer funds to numerous countries in Asia and the Middle East

By Rahul Vaimal, Associate Editor
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Further improving its digital platforms to empower its consumers to use banking services while remaining at home to restrain the coronavirus spread, the National Bank of Oman (NBO) has unveiled a new digital transfer service.

The service makes sending funds abroad more comfortable than ever. Consumers can now transfer money in real-time to seven different countries. This is one of several affordable, agile and reliable services the bank has introduced to make people’s lives peaceful amid coronavirus spread.

The bank permits users to transfer up to $19,000 reliably and safely at any time, to countries like India, Pakistan, Bangladesh, Egypt, Philippines, Indonesia and Sri Lanka. Besides the initial transaction being free, a low transfer fee will be beneficial to the user. Moreover, the beneficiary of the transfer will receive the payment on the same day, and if feasible, immediately.

“We know that being able to send money abroad is extremely important to many of our customers, yet due to the current situation, there are limited options. Our new digital remittance service means our customers can send money to their families 24/7 via the mobile app, from the comfort of home.”
Abdul Karim Al Hinai, Deputy GM – Alt Channels, Retail Banking – NBO

With the safety and wellbeing of the society as its most important preference, NBO is urging consumers to take advantage of its digital services and cashless payment solutions, as it strives to increase awareness on the significance of secure banking. With a resilient eco-system and a wide variety of digital products, the bank is prepared to satisfy people’s banking requirements and help the country as it endures COVID-19.