NBO and Ooredoo Fintech Partner to Strengthen Oman’s Fintech Sector
The National Bank of Oman and Ooredoo Fintech have signed a Memorandum of Understanding to advance digital financial services and payment solutions across Oman. The agreement was formalized during a signing ceremony in Muscat, marking the start of a coordinated effort to build a comprehensive digital wallet ecosystem.
Moreover, this initiative aligns with Oman Vision 2040, reinforcing the country’s push toward digital transformation. As a result, it supports innovation while encouraging the development of a diversified, technology-driven financial sector.
Key Areas of Collaboration
Under the agreement, both parties will explore several areas of cooperation to strengthen the fintech landscape. These include developing a digital wallet ecosystem and enhancing payment services and settlement systems. In addition, they will support banking infrastructure and launch joint initiatives in digital financial services.
Furthermore, the partnership allows for additional financial technology projects based on mutual agreement. While the MoU provides a high-level framework, specific terms will be defined through future agreements. Consequently, this approach ensures practical implementation and measurable outcomes.
Shared Vision for Innovation
Mohammed Yahya Al Jabri, Assistant General Manager and Head of Global Transaction Banking, stated that, “This MoU reflects our continued focus on advancing innovation in Oman’s financial services sector. Through our collaboration with Ooredoo Fintech, we aim to explore solutions that support the growth of digital payments and strengthen the infrastructure needed to deliver efficient financial services.”
Similarly, Noor Al Lawati, Country Head, said, “Collaborating with NBO reflects a shared ambition to push the boundaries of what digital financial services can offer in Oman. Together, we are combining NBO’s proven banking strength with Walletii’s agile platform to deliver an experience that is greater than the sum of its parts.”
Overall, the agreement highlights a joint commitment to accelerate fintech adoption. At the same time, it aims to enhance digital payments and support a broader financial ecosystem for businesses and startups across Oman.
