Thawani Technologies, Oman’s first payment service provider licensed by the Central Bank of Oman (CBO), has entered into a Memorandum of Understanding (MoU) with Monak to forge a strategic partnership.
The collaboration aims to develop integrated digital and financial technology solutions that will support both public and private sector initiatives across the Sultanate.
Under the terms of the MoU, Thawani Technologies and Monak will explore opportunities to integrate secure, locally compliant payment solutions into digital platforms.
The partnership aims to help organizations streamline service delivery, enhance reconciliation and reporting processes, and accelerate time-to-market through scalable integration models.
This collaboration is set to drive efficiency and innovation across both the public and private sectors in Oman, as per the statement.
Thawani’s licensed payments infrastructure and developer enablement capabilities will be combined with Monak’s digital-platform approach to delivering financial and lifestyle services, including solutions designed to simplify onboarding and services for employers and users.
Thawani and Monak partnership for Oman’s digital economy
Commenting on the MoU, Eng. Majid Al Amri, Founder and Chief Executive Officer of Thawani, said that, “This partnership is about turning digital journeys into fully executable services – securely, transparently, and at scale. When payments are embedded directly into the platforms people and institutions already use, outcomes improve: processes move faster, user experiences become simpler, and governance becomes stronger. We see this collaboration as a practical step toward strengthening Oman’s digital infrastructure with solutions built for long-term relevance and regulatory alignment.”
Said Salim Al Shanfari, Co-Founder and Managing Director at Monak, noted that, “Meaningful digital transformation is built on partnerships grounded in trust, execution, and long-term value.”
“Our collaboration with Thawani reflects a shared belief that technology should remove friction from essential services. Together, we look forward to supporting Oman’s digital ambitions through solutions that are resilient, scalable, and aligned to local market needs,” Al Shanfari added.
