Global Financial Technology LLC (OmPay) has entered into a membership agreement with the Oman Credit and Financial Information Center (Mala’a). The membership agreement includes access to Mala’a’s Electronic Know Your Customer (E-KYC) service, known as Huwiya, that is designed to streamline electronic customer identity verification and enhance credit information accuracy.
The agreement, signed by Bassam Al-Jamali, General Manager of Mala’a, and Abdulaziz Al Rawahi, CEO of OmPay. Bassam Al-Jamali highlighted the agreement as a pivotal step towards advancing financial technology innovation in Oman, emphasizing, “By leveraging Mala’a’s E-KYC service (Huwiya), Oman Pay will enhance customer verification processes, promote financial inclusion, and strengthen our national economic framework.”
Abdulaziz Al Rawahi expressed his enthusiasm for the partnership, stating, “Our membership with Mala’a underscores our commitment to delivering innovative solutions that enhance transparency and accuracy in financial transactions.” This collaboration between Oman Pay and Mala’a aims to enhance financial and informational services, bolstering Oman’s financial infrastructure and contributing to sustainable development goals.
Mashreq Bank, a leading financial institution in the MENA region, has officially entered into a membership agreement with Oman Credit and Financial Information Centre (Mala’a), under the foreign banks category. This agreement grants Mashreq Bank access to a comprehensive database of credit and financial information, which will aid in making well-informed credit decisions, conducting financial […]
Read articleIn a significant step to enhance technological solutions in the credit and finance sectors, Mala’a has signed a membership agreement with Oman Housing Bank to offer the Huwiya (Electronic Know Your Customer) service. This partnership aims to simplify the process of verifying the identities of customers, whether they are Omani nationals or residents within the […]
Read articleOman Credit and Financial Information Center (Mala’a) signed an agreement with Credit Oman to utilize (Murshid) service, a strategic move aimed at strengthening the ability to assess corporate creditworthiness and mitigate potential financial risks. The agreement was signed by Mrs. Manahil Jaffar, Acting General Manager of Mala’a, and Sheikh Khalil Al Harthy, CEO of Credit […]
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