Bank Muscat in association with the Information Technology Authority (ITA) and Visa, the world's leader in digital payments, hosted a seminar on 'Emerging trends in electronic payments' at Bank Muscat head office.
The seminar was attended by dignitaries and a large number of key government, banking, technology and industry sectors representatives, according to a press release.
Dr Eng Yaqoob al Balushi, deputy CEO of infrastructure and eServices at ITA, was the guest of honour at the event. The seminar aimed at familiarising and sharing insights on the latest developments and technology linked to electronic payments shaping the future of customer experience.
Topics covered in the seminar by technology experts from Visa included ecommerce and growth in card acquiring business, innovation and latest development trends in electronic payments, role of the regulatory ecosystem in driving cashless payments for a digital economy, and security perspective on the global payments landscape.
Amjad al Lawati, AGM – cards and eBanking at Bank Muscat, said, 'Bank Muscat is proud to host the seminar and facilitate engaging interaction with technology experts to discuss the latest developments in electronic payments. The dynamic nature of payments landscape opens up opportunities for innovation and growth. Keeping pace with the constantly evolving technology to face a continuously changing environment, the bank continues to redefine the banking culture in Oman by new and innovative initiatives driven by technology.'
Ahmed Gaber, general manager for Oman, Saudi Arabia, Kuwait, and Bahrain at Visa, said, 'Visa is proud to work alongside Bank Muscat and ITA to deliver this important workshop on the latest trends in electronic payments. The shift from cash to cards, mobile devices and other digital payment methods has the potential to play a key role in delivering Oman's ambitious long-term economic goals. This workshop gave participants the tools to fully appraise the changing payments landscape and identify the many new opportunities that lie ahead.'