OIFC, ProgressSoft partner for mobile payment services

VM

Vlad Macovei

03 May 2021 / 5 Min Read

With a presence of over four decades, OIFC is a Joint Stock Organisation listed on the Muscat Securities Market (MSM), and has established its reputation as an undisputed leader in Oman in providing services in telecom and utility sectors which cover Billing, Collection & Debt Factoring for Electricity, Water, and Telecom Services in the Sultanate.

The move comes after OIFC received an in-principal approval from the Central Bank of Oman to become a Payment Service Provider in the country. The agreement with ProgressSoft enables OIFC to have a technical partner for execution and subsequently launch the Khedmah e-wallet after fulfilling the requirements of CBO and acquiring the final approval. 

Using ProgressSoft’s Mobile Payments Platform, Khedmah will develop new systems to offer the existing and new customers of OIFC the ability to conduct numerous financial transactions including bill payments and international remittances, as well as person-to-person, person-to-business, and person-to-government money transfers, using their smart phones.

Countries:
VM

Vlad Macovei

03 May 2021 / 5 Min Read

sign up banner
the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright