Thawani Pay signs credit card processing deal with Network

Thawani Technologies (Thawani Pay), a licenced fintech outgo work successful Oman, has entered into a strategical concern with Network International to enactment integer payments innovation and grow recognition paper capabilities successful the country.

The concern follows Thawani Pay’s caller advancement successful the paper sector, including securing a Visa licence to contented recognition cards.

The statement was signed by Thawani Pay laminitis and CEO Majid Al Amri and Network International managing manager and co-head of processing (Middle East) Navneet Dave.

Majid Al Amri said: “Partnering with Network International strengthens our quality to present world-class paper processing capabilities and standard our Visa-powered recognition paper roadmap with confidence.

“By combining Thawani Pay’s heavy section marketplace knowing with Network’s planetary standards and processing strength, we volition present a seamless, secure, app-first paper experience, supporting Oman’s displacement towards a much cashless and digitally inclusive future.”

Under the deal, Network International volition present recognition paper processing services to Thawani Pay. Thawani Pay volition usage it to enactment its recognition paper roadmap.

The partners said they program to harvester Network International’s processing capabilities and determination infrastructure with Thawani Pay’s section marketplace presence. They stated that the collaboration aims to present caller outgo propositions, enactment fiscal inclusion initiatives, and lend to the country’s longer-term integer translation agenda.

Navneet Dave added: “This statement underscores Network International’s unwavering committedness to supporting the Omani marketplace to actively signifier the aboriginal of integer commerce and the government's ambitious imaginativeness to digitise payments and services.

“We look guardant to bringing our proven expertise to facilitate integer translation done fintech and lend to Oman’s evolving fiscal landscape.”

Notably, Oman’s integer payments enactment has continued to emergence arsenic cashless adoption increases and regularisation supports marketplace development. Card and point-of-sale transaction volumes reached 432.9 cardinal successful 2024, according to figures cited successful the announcement.

"Thawani Pay signs recognition paper processing woody with Network" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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