Oman's Omantel launches new digital wallet

Omantel, Sohar International and Arab Financial Services collaborate on digital wallet.
Oman, Omantel, Digital wallet, Sohar International, Arab Financial Services, Tech, Business, Society, Middle East

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The Sultan Qaboos Grand Mosque in Muscat, Oman. Photo credit: Ben Mack

Omantel has launched a new digital payment solution which will allow its users to make payments with their mobile phones.

The ‘eFloos' digital wallet, which was developed in collaboration with Sohar International and Arab Financial Services lets users pay merchants, and send funds between wallets.

As the wallet issuer, Sohar International will serve as a gateway for all eFloos transactions.

The service was launched in Muscat, Muscatdaily.com reports.

HH Sayyid Kamil bin Fahad al Said, Assistant Secretary-General for the office of the Deputy Prime Minister for Cabinet Affairs, attended the launch.

H H Sayyid Kamil commented on the launch: "The new partnership between telecom and financial sectors has delivered an innovative e-service that will add much value to our lifestyle and takes us further steps ahead toward seamless transactions."

Talal al Mamari, CEO of Omantel, said: "The launch of ‘eFloos' reaffirms our commitment to enrich the digital experience in the Sultanate by implementing latest innovations to facilitate day to day processes, and offer our customers an enhanced lifestyle that matches with the global developments. As a fast, secure and seamless payment method, e-wallets have brought about a real change to transactions. Our strategic partnership with Sohar International and AFS is one among many and it comes as part of our efforts to boost collaboration between various sectors."

Ahmed al Musalmi, CEO of Sohar International, added: "Platforms such as ‘eFloos' and other digital initiatives fall well in line with the bank's own digitisation strategy through which we aim to meet our customers' lifestyle requirements in an ever changing world. We are pleased to partner with Omantel and be part of the solution following the government's drive to digitise payments."

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