In a landmark achievement for the Sultanate’s financial technology sector, Thawani Pay has officially become the first fintech company in Oman to be licensed by global payments leader Visa to issue credit cards. This milestone, celebrated at a signing ceremony in Muscat, signals a new era of digital financial evolution in the country and positions Thawani Pay at the forefront of its fintech landscape.
A Strategic Partnership for Digital Evolution
The collaboration enables Thawani Pay to introduce a new line of Visa-powered credit cards fully integrated within its smart payment platform. This move is part of the company’s aggressive growth and innovation strategy, aiming to provide customers with a seamless digital experience, global acceptance, and enhanced security features.
Majid Al Amri, CEO of Thawani Pay, commented on the significance of the partnership, stating, “This milestone represents a defining moment for Thawani Pay and for Oman’s fintech journey. Being licensed by Visa to issue credit cards not only positions Thawani Pay as a trusted player in the region’s digital payments landscape but also reflects our strategic vision to make financial services simpler, smarter, and more accessible.”
Representing the global payments giant, Nasser Bdeir, Visa’s Country Manager for Oman, added, “Thawani Pay’s milestone marks an exciting step forward for Oman’s fintech landscape. It reflects the country’s growing appetite for digital-first solutions and the strength of local innovation. At Visa, we’re proud to be an enabler of that momentum by helping expand access to secure, reliable, and seamless digital payments across the region.”
Redefining Consumer Finance in Oman
The upcoming Visa credit cards will offer users a comprehensive digital-first experience. Customers will be able to apply for, manage, and monitor their credit activity directly through Thawani’s mobile platform, eliminating traditional friction points and promoting greater financial control. The partnership emphasizes a shared commitment between the two companies to advance digital literacy and financial inclusion across the Sultanate.
Aligning With Oman Vision 2040
This strategic development reinforces Thawani Pay’s role as a key contributor to Oman Vision 2040, which prioritizes economic diversification and technological advancement. By collaborating with global leaders like Visa, the Omani fintech is actively shaping a future where convenience, trust, and innovation converge, enhancing the nation’s digital payments infrastructure and empowering both individuals and businesses.
About Thawani Pay
Thawani Pay is a leading Omani fintech company dedicated to providing innovative and smart payment solutions. The platform is designed to simplify financial transactions for individuals and businesses, driving financial inclusion and supporting Oman’s transition to a digital economy. Through strategic partnerships and a commitment to innovation, Thawani Pay is redefining the digital payments landscape in the Sultanate.
Source: Zawya
