NBO Elevates Digital Corporate Banking Experience With ‘Online Direct Debit’ Service

In line with its digital growth strategy, National Bank of Oman (NBO) has recently launched its ‘Online Direct Debit’ processing service to streamline payment processes for corporate clients. The new digital offering has been implemented under the guidance of the Central Bank of Oman (CBO) and for the first time in Oman, enabling companies to automate their Periodically Collections online (Monthly and Yearly), eliminating the need for cheques. ‘Online Direct Debit’ ensures that payments are made automatically on a set date, while it is no longer required to wait for authorisation.

Mohammed bin Yahya Al Jabri, Assistant General Manager and Head of Global Transaction Banking at National Bank of Oman, said, “Providing convenient, one-stop and efficient online access to financial products and services is part of our digital banking transformation. He added, “The ‘Online Direct Debit’ service simplifies Collections of payments underpinned by an easy registration process. This service will see our corporate clients streamline their banking requirements, improve, while enjoying elevated levels of security and flexibility.” 

Corporate clients can seamlessly apply for the new ‘Online Direct Debit’ service through NBO’s Corporate Internet Banking (CIB) platform. They can activate the Direct Debit Module, complete the direct debit mandate, and submit the document online. Using cutting-edge technology and leading security features, NBO’s CIB platform empowers companies and government entities to make instant transactions, payments and transfers, access account balances, make on-the-spot enquiries, access non-financial services and complete transactions. 

NBO provides a full suite of innovative and high-quality digital banking solutions that keep pace with the needs of its growing customer base. Information about NBO’s accounts, products and exclusive benefits can be found on www.nbo.om, by contacting the NBO Call Centre, or by downloading the free NBO Mobile App.