Oman-based BankDhofar, on Tuesday, launched a contactless payment solution Dhofar-Pay, allowing its customers to seamlessly tap and transfer money with their Near-field communication (NFC)-enabled Android phones for convenience and security.
Dhofar-Pay users will have to link their debit card details with their Android phones, transforming the device into a digital card for transactions through a simple tap on Point of Sale (POS) terminals.
“Our goal is to give easy and safe financial solutions that adapt to the evolving customer needs,” said Amjad Iqbal Al Lawati, Chief Retail Banking Officer at BankDhofar.
Earlier this year BankDhofar launched small and medium-sized enterprises (SME) Business Banking account to offer a diverse range of banking solutions, to SME segment of Oman.
In late September, the bank introduced customer-centric Vertical Debit Cards, aiming to enhance the banking experience for valued customers, and its card resembles a smartphone orientation. The launch was initiated to enhance security, contactless payment, global acceptance and instant issuance.
In late February, finance solution provider PayTabs Egypt partnered with industry peer Souhoola to offer a buy now pay later (BNPL) payment method for PayTabs Egypt merchants by increasing the range of payment options offered online.
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