The National Bank of Oman (NBO) and UnionPay International have entered into a strategic partnership to introduce contactless mobile payments in Oman.
Under this strategic partnership, NBO in Oman is set to launch UnionPay acceptance and will enable all its terminals to accept UnionPay contactless payments where cardholders can use their mobile wallet, like ApplePay, and mobile banking apps or contactless cards.
As a result of this partnership, all major merchants in Oman will be able to offer UnionPay contactless payments to customers. The UnionPay contactless payment solution provides the most cost-effective, secure, and seamless payment experience at the point of acceptance for merchants and cardholders.
This tap-and-go payment experience will also empower merchants to accept cards not only issued from China but also from a growing network of 75+ countries where UnionPay has established a strong card issuance business.
Tariq Atiq – Chief Retail and Digital Banking Officer at NBO said, “NBO is the first local bank in the Sultanate of Oman, and today we are proud to announce that NBO is the first bank to launch UnionPay card acceptance in Oman. UnionPay acceptance across our merchant network will help our customers grow their business by empowering them to accept cards from the largest international payment scheme. We aim to enable all our merchants to begin accepting UnionPay cards by mid-next year, making NBO the first network of UnionPay card acceptance in Oman.”
James Yang, General Manager of UnionPay International Middle East, shared, “UnionPay International is excited to partner with NBO in revolutionising innovative payments in Oman. The payment solution will feel like what our Chinese customers experience in their home country using mobile banking apps, ApplePay, Samsung Pay, Huawei Pay, Mi Pay and physical UnionPay contactless payment cards. We are confident this solution will open doors to new categories of merchants willing to accept UnionPay cards, offering customers a new secure, fast and seamless payment experience.”
Source: https://ibsintelligence.com/ibsi-news/national-bank-of-oman-joins-unionpay-to-drive-mobile-payments/