NBO’s Merchant App Fuels Growth of Digital Entrepreneurship

The National Bank of Oman's Merchant App has proved an overwhelmingly-popular solution for businesses moving away from cash. In line with government requirements for commercial outlets  and stores to offer electronic payment channels, the modern application has succeeded in providing flexible solutions to both the customer and merchant to reduce dependency on cash and manage their payments easier and faster.

Designed to suit SMEs and home businesses, the app allows merchants to receive payments simply by scanning a QR Code on the customer’s mobile phone or by requesting payment from their customer, whether they are in store or shopping from home. As the first service of its kind in Oman, the Merchant App has empowered small businesses and offered entrepreneurs a seamless mobile-based payment solution using a single trusted platform to realise the potential of their enterprise and reach new markets.

Tariq Atiq, Chief Retail and Digital Banking Officer at NBO, said, “The NBO Merchant App forms the cornerstone of the bank’s forward-thinking digitalization strategy, making it easy and cost-effective for Micro Businesses and SMEs such as food trucks, taxi drivers and other businesses to receive payment without set-up fees or monthly charges. As the bank becomes a fully digitally-enabled bank and Oman moves towards a digital society as part of Vision 2040, it is vital that we provide innovative and technologically-advanced products and services to meet the needs of the market both now and for the future.”

NBO was the first to launch this service in the Sultanate of Oman, adding to a long history of accomplishments for the bank since its inception. The introduction of  the award winning Mobile App, which is consistently updated with new features to empower customers, the pay+ mobile wallet and Badeel prepaid card which is available to both NBO and non-NBO customers have all energized the sector and brought new levels of connectivity to business and retail customers across the country.

For more information about NBO’s range of products and services, please visit www.nbo.om.