Bank Nizwa, a Shari’a compliant lender in Oman, has extended its payments partnership with Mastercard.
The move is aimed to further simplify digital payments in the country, reported Trade Arabia.
Under the extended collaboration, Bank Nizwa plans to rollout new payment solutions and improve payment experience for customers.
Bank Nizwa Retail Banking AGM Arif Al Zaabi was quoted by the publication: “Mastercard is a well-established name in the field of cards and payment solutions, and we are indeed delighted to extend our partnership.
“While we continue to operate under Shariah-compliant norms, we are also coming up with innovative solutions to serve our customers better. We are confident that this extension of partnership with Mastercard will give us a good impetus to help drive a steady growth of our cards in the market.”
Mastercard UAE & Oman general manager Girish Nanda told Trade Arabia: “Bank Nizwa stands as one of our most established partners in the sultanate, and we are proud to extend this collaboration with them.”
Currently, Bank Nizwa offers an array of Shari’a compliant debit card and credit card options to the customers.
Founded in 2013, the bank caters to individuals, SMEs, corporations and government institutions.
Last month, fintech firm EedenBull bolstered its strategic partnership with Mastercard. The extended partnership expands the collaboration to the Asia Pacific region.