Sohar International, Oman-based leading financial institution has inked a strategic agreement with Qatar’s Ooredoo (Omani Qatari Telecommunications Company) to offer its credit cardholders reasonable and easy payment options through its Easy Payment Plan.
The new agreement will allow the Bank’s credit card customers to utilize Easy Payment Plans (EPP) on a minimum spend of $260 at Ooredoo, and convert their purchases into smaller installment payments for a fixed period, ranging from 3, 6, 12, and 24 months, at a benchmark of zero interest rate.
The signing ceremony was attended by Mr. Khalil Salim Al Hedaifi, Chief Retail Banking Officer of Sohar international and Mr. Abdul Razzaq Al Balushi, Chief Financial Officer of Ooredoo as well as officials from the telecommunication company.
“Sohar International is on a path to develop a collaborative ecosystem of world-class products, services and financial advisory that are aimed at providing an enriched customer experience. The tie-up with Ooredoo is yet another milestone in this journey, as the bank has structured its functionality and operational network on the ‘winning together’ philosophy that has rightfully become our corporate credo.”
The objective is to incorporate financial flexibility into everyday transactions, thereby creating a newer platform for customers to conduct Ooredoo’s transactions. Sohar expects to provide its customers with ease and convenience of purchase, also turn their dreams into reality by making aspirational products affordable.
Mr. Al Balushi stated, “This agreement comes at just the right time, and these easy and convenient payment plans will make a real difference to many of our customers. As the country opens up and the economy bounces back, we’re excited to be partnering with Sohar International, to lead the way in making our services more affordable than ever before, so even more people can enjoy the internet with us.”
Sohar International, equipped with an ambition to take on the world, continues to leverage its human and physical capital to create easy and convenient options to enhance customers’ banking experiences. With the promise of putting ‘Winning in your hand’, the bank’s strategic tie-ups bring its customers closer to their dreams.